TIF

TIF Districts

Tax Increment Financing Districts

Montana State Law provides for the creation of a tax increment financing district for industrial or high tech development projects.  A local government may issue bonds for a wide variety of development purposes such as financing land acquisition; industrial infrastructure, rail spurs; buildings; and personal property related to the public improvements.

These improvements raise property values in the district.

The incremental increase in the tax base over the unimproved value before the project was developed can be committed to repayment of the bonds for a set period of time, typically 15 years.

The original tax revenues continue to go to the local governments. When the TIF District sunsets all taxes flow into the general fund.

The bond financing can essentially be considered a grant to the business in the district because incremental taxes paid will finance improvements in the district such as streets, sidewalks, streetlights and utilities.

The City of Kalispell current TIF Districts:

• The Westside Urban Renewal TIF District encompasses Meridian Road, Gateway West Mall and includes plans for a Community Land Trust for affordable housing, street overlays, sidewalks, bicycle lanes and sewer improvements.
• The City Airport TIF District includes The Hilton Garden Inn and many other new businesses and provides funding for the Kidsport Complex which was relocated north of Kalispell.

• Old School Station is two TIF Districts.  One Light Industry and one Technology.

City of Kalispell TIF District Information and Incentives
For more information about the TIF Districts and other incentives in the City of Kalispell, contact Katharine Thompson, Community and Economic Development Director at 406-758-7713 or kthompson@kalispell.com.