What is Tax Increment Tax?

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.

Show All Answers

1. When will I receive my current year property tax statement?
2. Who do I contact about questions about your property tax payment?
3. What if I haven't received a tax bill?
4. How do I change the mailing address on my tax statement?
5. How are my property taxes calculated?
6. Where do my property tax dollars go?
7. Can I make a partial payment on my current year taxes?
8. What if I overpay my taxes?
9. What if my property tax payment is late?
10. What if I become delinquent on my property taxes?
11. What is a Truth - In - Taxation (TNT) notice?
12. Can the amount of my property tax due on my tax statement be different than the amount on my proposed tax notice?
13. What is Tax Increment Tax?
14. What are Special Taxing Districts?
15. What is a Special Assessment?
16. How do I apply for the State Property Tax M1PR Refund?