Abstract

http://ssrn.com/abstract=2293161
 


 



How Tax Increment Financing (TIF) Districts Correlate with Taxable Properties


Randall K. Johnson


Mississippi College - School of Law

July 12, 2013

34 N. Ill. U. L. Rev. 39 (2013)

Abstract:     
This article deals with Tax Increment Financing (TIF), which is a popular economic development tool. TIF borrows against future tax revenues to subsidize current development projects. In Illinois, this economic development tool is justified by its promise to expand the local tax base: by increasing tax revenues, increasing the number of tax payers or increasing the number of taxable properties in the area. However, it is not clear that TIF delivers on its promise. A new dataset, which is introduced in this article, helps to clarify the issue. It does so by providing information about the number of TIF Districts in suburban Cook County, Illinois, the number of taxable properties therein and the nature of the relationship between these variables. If these variables move together, which would indicate that TIF Districts positively correlate with taxable properties, this article will find that TIF delivers on its promise.

Keywords: Tax Increment Financing, Cook County, Illinois

JEL Classification: H2

Accepted Paper Series





Not Available For Download

Date posted: July 13, 2013 ; Last revised: November 16, 2014

Suggested Citation

Johnson, Randall K., How Tax Increment Financing (TIF) Districts Correlate with Taxable Properties (July 12, 2013). 34 N. Ill. U. L. Rev. 39 (2013). Available at SSRN: http://ssrn.com/abstract=2293161

Contact Information

Randall K. Johnson (Contact Author)
Mississippi College - School of Law ( email )
151 East Griffith Street
Jackson, MS 39201
United States
Feedback to SSRN


Paper statistics
Abstract Views: 210

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.266 seconds