TAX INCREMENT FINANCING AND THE GREAT RECESSION
The Great Recession was accompanied by a large decline in real estate values. Tax increment financing (TIF) allocates future property tax growth to promote local real estate development and is thus particularly vulnerable to real estate market shocks. Data on the growth of TIF increments before, dur...
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| Veröffentlicht in: | National tax journal 2014-09, Vol.67 (3), p.697-717 |
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| container_title | National tax journal |
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| creator | Dye, Richard F. Merriman, David F. Goulde, Katherine |
| description | The Great Recession was accompanied by a large decline in real estate values. Tax increment financing (TIF) allocates future property tax growth to promote local real estate development and is thus particularly vulnerable to real estate market shocks. Data on the growth of TIF increments before, during, and after the recession is examined for Illinois and Nebraska. In both states there was rapid growth in TIF increments before the onset of the recession. There was a large decline post-onset that is very apparent in Illinois, but not as sharp or obvious in Nebraska. |
| doi_str_mv | 10.17310/ntj.2014.3.08 |
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Tax increment financing (TIF) allocates future property tax growth to promote local real estate development and is thus particularly vulnerable to real estate market shocks. Data on the growth of TIF increments before, during, and after the recession is examined for Illinois and Nebraska. In both states there was rapid growth in TIF increments before the onset of the recession. 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Tax increment financing (TIF) allocates future property tax growth to promote local real estate development and is thus particularly vulnerable to real estate market shocks. Data on the growth of TIF increments before, during, and after the recession is examined for Illinois and Nebraska. In both states there was rapid growth in TIF increments before the onset of the recession. There was a large decline post-onset that is very apparent in Illinois, but not as sharp or obvious in Nebraska.</description><subject>Assessed values</subject><subject>Economic busts</subject><subject>Economic development</subject><subject>Economic growth rate</subject><subject>Economic recessions</subject><subject>Federal taxes</subject><subject>Financial investments</subject><subject>Forum: Tax Increment Financing</subject><subject>Great Recession</subject><subject>Outliers</subject><subject>Property taxes</subject><subject>Real estate developments</subject><subject>Real property</subject><subject>Real property tax</subject><subject>Recessions</subject><subject>Site planning</subject><subject>Studies</subject><subject>Tax increment financing</subject><subject>Valuation</subject><issn>0028-0283</issn><issn>1944-7477</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><sourceid>N95</sourceid><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNptkcFr2zAYxcVYoVnWa28Dw46bXX2SbNlH47qpoXMhdaE3ISuy45DYmWQf9t9XaUqzjSCkDx6_9z7QQ-gacACcAr7px01AMLCABjj-hGaQMOZzxvlnNMOYxL679BJ9sXaDseOAz9BNlb54RZkt8195WXl3RZmWWVEuvLS89ar73Fss87TylnmWPz0Vj-VXdNHIrdVX73OOnu_yKrv3Hx4XRZY--CqkMPqgFSSNxmHCamgA4gRWKyohjLDGdRPSRmKFSaScVmOtKVey5kTSmq6ikHM6R9-PuXsz_J60HcVmmEzvVgqIGImiMIzpiWrlVouub4bRSLXrrBIpjQkjMWcHyj9DtbrXRm6HXjedk__hgzO8Oyu969RZw8-_DPVku15b99iuXY-2lZO1Z_OVGaw1uhF70-2k-SMAi7cqhatSHKoUVODYGX4cDZNad0q2w964_NOP_E9_O9IbOw7mI5swGiUJAfoKuEKiNQ</recordid><startdate>20140901</startdate><enddate>20140901</enddate><creator>Dye, Richard F.</creator><creator>Merriman, David F.</creator><creator>Goulde, Katherine</creator><general>National Tax Association</general><general>The University of Chicago Press</general><general>University of Chicago Press</general><scope>AAYXX</scope><scope>CITATION</scope><scope>N95</scope><scope>XI7</scope><scope>ILT</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X1</scope><scope>7XB</scope><scope>87Z</scope><scope>88C</scope><scope>8A9</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRAZJ</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>M0T</scope><scope>M2O</scope><scope>MBDVC</scope><scope>PADUT</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>PYYUZ</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>20140901</creationdate><title>TAX INCREMENT FINANCING AND THE GREAT RECESSION</title><author>Dye, Richard F. ; 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Tax increment financing (TIF) allocates future property tax growth to promote local real estate development and is thus particularly vulnerable to real estate market shocks. Data on the growth of TIF increments before, during, and after the recession is examined for Illinois and Nebraska. In both states there was rapid growth in TIF increments before the onset of the recession. There was a large decline post-onset that is very apparent in Illinois, but not as sharp or obvious in Nebraska.</abstract><cop>Chicago</cop><pub>National Tax Association</pub><doi>10.17310/ntj.2014.3.08</doi><tpages>21</tpages></addata></record> |
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| ispartof | National tax journal, 2014-09, Vol.67 (3), p.697-717 |
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| source | EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing; EBSCOhost Education Source; Alma/SFX Local Collection |
| subjects | Assessed values Economic busts Economic development Economic growth rate Economic recessions Federal taxes Financial investments Forum: Tax Increment Financing Great Recession Outliers Property taxes Real estate developments Real property Real property tax Recessions Site planning Studies Tax increment financing Valuation |
| title | TAX INCREMENT FINANCING AND THE GREAT RECESSION |
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