TIF Assistance

Suggested TIF Application Steps:

  • First; determine the estimated construction costs and anticipated uses for the property (including the total square feet for each use).
  • Next; schedule a meeting with the Township Assessor to obtain an estimated market value of the completed project - this will determine the estimated annual real estate taxes that the project will generate.
  • Contact the City of Rockford Community & Economic Development Department at 779-348-7162 to discuss your project and if TIF Assistance is appropriate.
  • Negotiate a development agreement with City staff.
  • Seek approval for the project and development agreement from the Mayor and Rockford City Council.