TIF Financing

State Statute allows certain costs to be financed with TIF funds. These costs include: costs of infrastructure improvements such as water and sewer mains and public garages; land acquisition, demolition of buildings and site grading; bond financing costs and other costs as outlined in the Statute. Will the use of TIF funds to spur redevelopment increase property taxes for residents of the Village? No. Any TIF related obligations the Village commits to will not result in an increase in property taxes for the residents of Arlington Heights. 

The Department of Planning and Community Development Department is available to answer any additional questions you may have on tax increment financing in Arlington Heights. Please feel free to e-mail or call (847) 368-5200 with any questions. To obtain more information about TIF in Illinois, visit the Illinois Tax Increment Association's website.