Tax Increment Financing (TIF) Areas
In 1998 and 1999 Fairfield Township created two Tax Increment Financing (TIF) districts. In 2017 through 2020 three additional TIF areas were established.
Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects. A TIF captures increases in taxable assessed value in an allocation area and the revenue generated from that development (or Growth) is used to finance public improvements.
Please view the links for information and maps related to the TIF areas.