A number of Tax Increment Financing (TIF) Districts have been created within Sherburne County TIF is a program which allows the increased property taxes generated by a development to pay for development costs.
Tax Increment Financing is not an additional tax. Tax Increment Financing does not affect the calculation of the tax amount. Rather, it affects the distribution of tax. The tax due is calculated the same as for a property that is not in a TIF district, but money that would normally go to the County, City, school and special taxing districts is instead diverted to a TIF district. For more information, contact the Auditor/Treasurer at 763-765-4350.