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Determinants of Property Value Growth for Tax Increment Financing Districts

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  • Paul F. Byrne

    (Washburn University)

Abstract

Although the majority of empirical research on tax increment financing (TIF) examines municipal-level effects, there are fewer studies looking at TIF effects at a more localized level. This article examines the characteristics of the areas in which TIF districts are located as well as the factors influencing property value growth within TIF districts. In addition to finding that TIF districts, on average, are located in areas that are more economically disadvantaged than the municipality as a whole, the results of this study suggest a positive relationship between blight and subsequent property value growth. The results also show that the spatial size of a TIF district has a positive influence on property value growth and that industrial TIF districts and TIF districts located in low-density areas and in areas with high proportions of White residents and close to the city center have higher growth.

Suggested Citation

  • Paul F. Byrne, 2006. "Determinants of Property Value Growth for Tax Increment Financing Districts," Economic Development Quarterly, , vol. 20(4), pages 317-329, November.
    • Handle: RePEc:sae:ecdequ:v:20:y:2006:i:4:p:317-329
    DOI: 10.1177/0891242406291540
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    References listed on IDEAS

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    1. Anderson, John E., 1990. "Tax Increment Financing: Municipal Adoption and Growth," National Tax Journal, National Tax Association, vol. 43(2), pages 155-63, June.
    2. Dye, Richard F. & Merriman, David F., 2000. "The Effects of Tax Increment Financing on Economic Development," Journal of Urban Economics, Elsevier, vol. 47(2), pages 306-328, March.
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    5. Brueckner, Jan K., 2001. "Tax increment financing: a theoretical inquiry," Journal of Public Economics, Elsevier, vol. 81(2), pages 321-343, August.
    6. Rachel Weber & Saurav Dev Bhatta & David Merriman, 2003. "Does Tax Increment Financing Raise Urban Industrial Property Values?," Urban Studies, Urban Studies Journal Limited, vol. 40(10), pages 2001-2021, September.
    7. Helen F. Ladd, 1998. "local government tax and land use policies in the united states," Books, Edward Elgar Publishing, number 1332.
    8. Anderson, John E., 1990. "Tax Increment Financing: Municipal Adoption and Growth," National Tax Journal, National Tax Association;National Tax Journal, vol. 43(2), pages 155-163, June.
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    Cited by:

    1. Brent C. Smith, 2009. "If You Promise to Build It, Will They Come? The Interaction between Local Economic Development Policy and the Real Estate Market: Evidence from Tax Increment Finance Districts," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(2), pages 209-234, June.
    2. Yadavalli, Anita & Delgado, Michael, 2018. "Tax Increment Financing and Spatial Spillovers," 2018 Annual Meeting, August 5-7, Washington, D.C. 274490, Agricultural and Applied Economics Association.
    3. Medda, Francesca, 2012. "Land value capture finance for transport accessibility: a review," Journal of Transport Geography, Elsevier, vol. 25(C), pages 154-161.
    4. Phuong Nguyen-Hoang, 2014. "Tax Increment Financing and Education Expenditures: The Case of Iowa," Education Finance and Policy, MIT Press, vol. 9(4), pages 515-540, October.

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