Tax Incremental Financing
Tax Incremental Financing (TIF) is a governmental finance tool that the City of Stevens Point uses to provide funds to construct public infrastructure, promote development opportunities, and expand the future tax base. TIF assistance in Stevens Point is only used when the proposed development would not occur "but for" City assistance. The proposed development should be consistent with and reinforce all City plans and lead to the consolidation and redevelopment of underutilized properties.
The City of Stevens Point has four active tax incremental financing districts:
(East Park Commerce Center)
(Division Street 2)
(South Church Street)
(East Side Hwy. 10)
To learn more about tax incremental financing, please view the Wisconsin Department of Revenue’s City/Village Tax Incremental Finance (TIF) Manual.