Learn More About Tax Increment Financing Project Areas

Salt Lake County is a major funding partner with municipalities in 70 active tax increment financing (TIF) project areas. These partnerships support growth that benefits the regional economy and local communities.

TIF allows municipal redevelopment agencies to use the increased property tax revenue generated by new development or rising property values within a project area to achieve extraordinary development goals and benefit the larger community.

Participation in Voluntary Project Areas

If you are a property owner or developer interested in learning more about TIF, contact the city-level economic development office for your site. They can guide you through the process, requirements, and available resources.

For questions about Salt Lake County's role in TIF partnerships or to discuss how the County may participate in a project area, please contact Cesar Hernandez, Senior Economic Development Manager.

Contact Cesar Hernandez

Senior Economic Development Manager

Phone Number (385) 468-4913

Email Cesar Hernandez

State-Mandated Projects

Salt Lake County participates in several project types that are defined and authorized by state law, including:

Housing and Transit Reinvestment Zones (HTRZs)
Convention Center Reinvestment Zone (CCRZ)
State Land Authorities, such as the Utah Inland Port and Point of the Mountain State Land Authority

Each of these project area types is designed to meet specific community and economic policy objectives established by the State of Utah. To learn more about how these projects support Utah’s long-term economic prosperity goals, visit the Governor’s Office of Economic Opportunity.

Resources

Salt Lake County engaged a national development consultant, SB Friedman Development Advisors, to conduct an independent analysis of existing TIF projects and provide recommendations for more effective use of tax increment financing.

To learn more about the best practices and strategies for utilizing property tax revenue to support public investment, you can access the full report below.