An Urban Renewal Area was created during the last fiscal year, and has not incurred any debt - do I need to complete the report on this new UR area?
If you had an Urban Renewal Area that existed in the previous fiscal year but it was not set up in the Property Valuation System because it was not dividing revenue, please contact us. We will work with you to add the area into the system. For most in this situation, we anticipate that you would complete little of the report. Most would primarily only complete the basic information about the area as well as the provision of any applicable reference documents (plan, map, perhaps ordinance).
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Tax Increment Financing, TIF