Full copies of the
applications may be obtained from The Development Corporation.
Reproduction costs: $10 for Hardin Valley and $15.50 for Willow Creek
|
Tax Increment Financing Tax increment financing is an economic development tool used by municipalities to allocate all or a portion of the new, additional taxes generated by a development over a limited period of time to pay for public infrastructure and other improvements related to that development. Tax increment is the difference in tax revenues generated by the property in the development area after a project has been completed compared with the tax revenues generated by a property before the development plan was adopted. The difference in these tax revenues funds the costs of improvements to the public infrastructure serving the development area. 1. TIF Program Policies and Procedures and Application  This is a Knox County Industrial Development Program, which is administered by: The Development Corporation of Knox County 17 Market Square, #201 Knoxville, TN 37902 865-546-5887 |