Tag: property tax
Tax increment financing attracts development in disinvested areas, but it also diverts millions of tax revenue away from city services to investors. And some claim officials are using the program in racist and corrupt ways. What is TIF? And how does it work?
Buncombe County in North Carolina was one of the first places in the U.S. to support reparations for Black residents. So why is the county not doing a better job of addressing property tax inequities that directly impact residents of color?
Property tax relief programs can be essential for helping older and lower-income homeowners keep their homes. But access to them isn’t universal, or equitable.