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 financnig 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 assess value at time of completion of project. All real property is subject to tax at market value.
CRA TIF Application
File Size: 345 kb
File Type: pdf
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10 N. Spruce St. Suite C
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
    • Tuition Reimbursement
    • State Programs
  • Projects and Programs
    • Community Vision Planning
    • Progressive Business Group
    • EXCEL Tours
    • Gift Card Program
    • COVID-19 Resources
  • KEITH COUNTY, NE
    • Attractions
    • Demographics
    • Healthcare
    • Housing
    • Education
    • Government
    • Transportation
    • Communications & Utilities
    • Nebraska
  • KCAD
    • ABOUT KCAD
    • Success Stories
    • KCAD Leadership
    • Investor Directory