Indianapolis's 800-room Signia by Hilton is city-owned and bond-financed, so it pays no property tax. What that means for the downtown commercial tax base.
What Indiana TIF districts do, how base vs incremental assessed value works, what TIF revenue funds, the effect on schools and county budgets, and when districts expire.
Marion County has 23 active TIF allocation areas. As several downtown TIFs approach expiration, billions in captured AV are scheduled to release back to the general tax base. Here's what shifts, when, and what it means for property owners.