Will my property taxes go up because of the TIF?

No. There are no tax increases attributed to the development of new business activity or infrastructure. Rather, incremental revenue generated is reinvested in the TIF and stimulates new investment both in, and often outside, the TIF boundaries.

Establishment of a TIF does not reduce property tax revenues available to the other taxing bodies in Winfield. These taxing bodies continue to collect property taxes at the base value throughout the life of the TIF.

Show All Answers

1. What is a Tax Increment Financing (TIF) District?
2. What will the new TIF be used for?
3. What are the key benefits of the TIF for Winfield?
4. Will my property taxes go up because of the TIF?
5. Who supports the TIF?
6. Why do some people oppose the TIF?
7. How can I be sure this financing tool will work out for Winfield?
8. How will the TIF benefit the two local school districts?
9. What is the role of Central DuPage Hospital (CDH) in the TIF?
10. What is happening to the first Winfield TIF?
11. What are the next steps for the approval of TIF #2?