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MO
Nixa Tax Increment Financing
Nixa may use TIF to offset eligible redevelopment and public improvement costs for qualifying economic development projects.
About this program
The City of Nixa supports use of Tax Increment Financing where permitted by Missouri law to stimulate economic development by offsetting eligible development costs for public improvements. TIF may capture incremental property tax and a portion of new sales tax generated by a project to reimburse eligible costs when a project meets statutory findings and the City determines that the development would not occur without the incentive.
Eligibility
Businesses, developers, property owners, and public-private partners with qualifying redevelopment or economic development projects in Nixa may seek TIF consideration.
Requirements
- Project must be located in Nixa and meet Missouri TIF statutory requirements.
- Area must qualify as blighted, conservation, economic development, enterprise zone, or another eligible statutory area.
- Project must pass the but-for test showing it would not occur as proposed without TIF.