KEITH COUNTY AREA DEVELOPMENT
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TAX INCREMENT FINANCING

TAX INCREMENT FINANCING

The City of Ogallala utilizes Tax Increment Financing (TIF) as an incentive tool for new and expanding businesses. TIF is a method of financing the public costs associated with a private development project. Essentially, the property tax increases resulting from the development are targeted to repay the public infrastructure investment required by a project.

TIF provides a means of encouraging private investment in deteriorating areas by allowing local governments to use future property tax revenues to finance the current infrastructure costs needed to attract development.

Property tax payments are determined on county assessed value at time of completion of project. All real property is subject to tax at market value.

Tax Increment Financing is administered by the City of Ogallala. Please contact us for more information.

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Ogallala, NE 69153
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  • Sites and Buildings
  • Incentives
    • LB840 - Ogallala
    • Tax Increment Financing
    • Housing Fund
    • Housing Incentive Growth Fund
    • Revolving Loan Fund
    • State Programs
  • Projects and Programs
    • Community Vision Planning
    • Creative District
    • Mural Project
    • Progressive Business Group
    • EXCEL Tours
    • Gift Card Program
  • KEITH COUNTY, NE
    • Attractions
    • Demographics
    • Healthcare
    • Housing
    • Education
    • Government
    • Transportation
    • Communications & Utilities
    • Nebraska
  • KCAD
    • ABOUT KCAD
    • Success Stories
    • KCAD Leadership
    • Investor Directory