Planning & Economic Development
Tax Increment Districts
Tax Increment Districts or Tax Increment Financing (TIF) Districts are an economic tool approved by the State of Wisconsin. TIF funds originate from the tax money generated from an improvement or development greater than the tax generated by the site before the improvement or development. This tax increment money is then allocated to the City for its use in making street, water, and sewer improvements in the District during the life of the District. At the end of the TIF term, all of the taxes will again be paid to the regular taxing bodies but at a much higher assessed valuation than would have been possible without the TIF.
Marshfield has five Tax Increment Districts that are currently active or under development.
Marshfield also has four Tax Increment Districts that are now closed.
TID #1 - Air Park (map)
TID #6 - Figi's Development (map)