Tax Increment Financing (TIF) District

Tax Increment Financing (TIF) is a statutory Economic Development Program that municipalities can enact to facilitate the continued development or redevelopment of a specific geographic area. The program works by capturing increases in property tax revenues (called the increment) over existing levels caused by new development. TIF revenues can be spent only on certain public realm investments. A TIF District does not add any new tax rates or levies. Existing baseline tax revenues continue to go to the taxing districts.

The Village of Wauconda’s Tax Increment Financing District (TIF) is in place and ready for developers to bring appropriate development projects forward. For further information about development, please contact Director Greg Anderson at 847-526-9609 or by email.

Wauconda Triangle TIF District MapTIF Fund Growth Over Time Graph
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TIF Ten Year Status Report1 document

  • TIF 10-Year Status Report
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Approved Documents6 documents

  • Redevelopment Plan
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  • Approved Eligibility Study 12.17.13.pdf
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  • Approved Housing Impact Study
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  • Ordinance 2013-O-30
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  • Ordinance 2013-O-31
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  • Ordinance 2013-O-32
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Annual TIF Reports (Comptroller Reports)7 documents

  • 2020 TIF Comptroller Report
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  • 2019 TIF Comptroller Report
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  • 2018 TIF Comptroller Report
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  • 2017 TIF Comptroller Report
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  • 2016 TIF Comptroller Report
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  • 2015 TIF Comptroller Report
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  • 2014 TIF Comptroller Report
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TIF Information and Funds4 documents

  • TIF District Map
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  • TIF Properties Listed For Sale
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  • Village of Wauconda Policies and Procedures Relating to the Use of Tax Increment Financing
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  • TIF Increment Funding Application
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