I found an explanation on a State of Texas website that will be helpful in understanding TIF zones. They talk about this ALL the time during the city council meetings and I believe it is important to understand what this is all about.
It's pretty dense stuff. Later, I'll read through this and try to come up with a "working man's" explanation of what all this means.
Until then.....dig in!!! It's not for the faint of heart.
http://www.window.state.tx.us/taxinfo/proptax/registry04/zone.html
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thanks, Lisa .. not surprising that it's thick as mud .. we've got to dive in, though. i am sure those Dem lawyers downtown crossed every "t" to apply for $300G for renovation ..
ReplyDeletejust would like to know more about it.