Wenatchi Landing TIF

What is TIF?

TIF is an economic development and financing tool that supports desired private development by redirecting some property tax revenues generated by the private development to fund public improvements needed for the private development to exist.
The proposed TIF District for Wenatchi Landing would not increase your property taxes. Instead, it would redirect a portion of the existing tax growth to help fund public improvement projects within the district aimed at attracting businesses and enhancing public spaces.
In Washington State, local governments such as cities, towns, counties, port districts, or any combination of these can use TIF to fund public infrastructure in targeted areas, encouraging private development and investment. (Chapter 39.114 RCW)
For a detailed overview of tax increment financing (TIF) for cities, counties, and port districts in Washington State, including authorized public improvement costs, the process for creating a tax increment area, limitations, and examples of how the property tax calculations work, click here.