The City of West Fargo offers tax increment financing (TIF) in several designated areas throughout the city called TIF districts. These districts allow the property taxes generated due to the increased valuation of the properties be used to pay off qualifying special assessments and, in some cases, the purchase of property.
Depending on the TIF district, the public improvements that are specially assessed can include both local and regional infrastructure depending on the district. The exemptions are granted based on the number of years it will take for the property tax increments to cover the public improvement costs.
The program is offered and administered by the City of West Fargo Economic Development office. For program eligibility requirements and further details, please contact the Economic Development Office.