TIF #1: Designation: March 2002 Expiration: December 2025
The approximately 70-acre area of the Lake Zurich TIF District is intended to facilitate the preparation of vacant and underutilized sites. The sites will be used for new retail, commercial, and residential development, and off-street parking. The TIF is located within the downtown redevelopment area of the Village. The TIF District is also designed to re-establish the downtown as a vibrant, mixed-use area. It will strengthen the economic well-being and quality of life in the downtown by providing resources for redevelopment. Additionally, it provides resources for additional parking, streetscaping and landscaping to create a distinct area and to link its diverse land uses. The TIF also facilitates the improvement and expansion of existing public facilities, such as parks and parking.
Growth in Equalized Assessed Value
Equalized Assessed Valuation (EAV)
Base EAV (2002)
Percentage Increase from Base Value
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