Baxter approves TIF district for senior housing project

Baxter approves TIF district for senior housing project

BAXTER — Beyond the difference between estimated market value and property taxes, few things in local government seem to be as confusing as tax increment financing districts. For years, TIF districts have been used as a development tool. The developer pays the taxes on the property that local governments always collected, but for a specific time period, the additional taxes generated by new property value that come with construction of buildings…