Tax Increment Reinvestment Zone (TIRZ)
A tax increment reinvestment zone (TIRZ) is a political subdivision of a municipality or county in the State of Texas created to implement tax increment financing. They may be initiated by the city or county or by petition of owners whose total holdings in the zone consist of a majority of the appraised property value. (Some states refer to these zones as TIF, or Tax Increment Financing.)
TIRZ Boundary Map
Created on December 5, 2013, by the City Council of Abilene, this plan includes approximately 1,594 acres including north and south downtown areas, as well as areas in proximity to Pine Street and Ambler Avenue corridors, all within the City’s corporate limits.
The purpose of the zone is to facilitate such development or redevelopment by financing the costs of public works, public improvements, programs, and other projects benefiting the zone, plus other costs incidental to those expenditures, all of which costs are authorized by the Act.
How are the funds generated?
Contributions are provided by each taxing jurisdiction (City), and is calculated by multiplying the incremental assessed value by 100% of the property tax rates of participating taxing jurisdictions.
How to Apply
Development Policy & Application & Documents
Planning & Development Services
Post Office Box 60
Abilene, Texas 79604-0060
For more information, call Planning & Development Services - (325) 676-6237
- Kelly Young, Chairman
- Charles Black
- Ben Grant
- Stormy Higgins
- Sam Vinson
Mr. Taurus L. Freeman, MPA
Agendas | Minutes
TIRZ Board Meeting Calendar