Difference between revisions of "Tax Allocation Bond"
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Latest revision as of 11:23, 8 October 2019
Definition
Tax Allocation Bond. Bond payable from the incremental increase in tax revenues realized from any increase in property value and other economic activity, often designed to capture the economic benefit resulting from a bond financing
Tax increment bonds, also known as tax allocation bonds, often are used to finance the redevelopment of blighted areas.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
