Tax Increment Financing
Funding the Future of Tulsa
Tax Increment Financing (TIF) is a funding tool used to encourage and leverage private and public investment in eligible areas of Tulsa. TIF is meant to spur private development through investment of public dollars in a variety of ways. These may include public infrastructure, placemaking assets or development financing.
What is a TIF?
“TIF” is an acronym for a tax increment finance district. These are specially designated geographic areas where the new taxes generated by private investment are reinvested into that area for a specified period of time or until an established increment cap is reached.
Funds can be generated over a period of up to 25 years by increases in the taxable value of property and/or increases in the sales tax generated by business activities within a designated district. TAEO currently manages TIF Districts across the city.
What We're Doing in Tulsa
36th Street North and MLK Project Plan and Supporting Increment District
This project plan was created to assist in the creation of a mixed-use development at the intersection of 36th St N and MLK. The project plan created one TIF district. The project plan includes hotel, residential and retail components.