Municipality

Assessment
An assessment is the amount of tax or special payment due to a municipality or association, or a proportionate share of a common expense.
Tax Increment Financing (TIF)
Tax Increment Financing (TIF) is a public financing method used by municipalities to subsidize costs for development or redevelopment projects in distressed areas, with the goal of stimulating economic growth and increasing future tax revenues.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.