Top Gilbert, AZ Tax Increment Financing Lawyers Near You
2133 E Warner Rd, Suite 106, Tempe, AZ 85284
2 North Central Ave, Suite 1800, Phoenix, AZ 85004
1850 North Central Avenue, Suite 1400, Phoenix, AZ 85004
One East Washington Street, Suite 2400, Phoenix, AZ 85004
8585 East Hartford Drive, Suite 700, Scottsdale, AZ 85255
2555 E Camelback Rd, Suite 1050, Phoenix, AZ 85016
Tax Increment Financing Lawyers | Serving Gilbert, AZ
2231 E Camelback Rd, Suite 200, Phoenix, AZ 85016
2394 East Camelback Road, Suite 600, Phoenix, AZ 85016-3429
2325 E Camelback Rd, Suite 700, Phoenix, AZ 85016
4435 E Chandler Blvd, Suite 200, Phoenix, AZ 85048
1138 N. Alma School Road, Suite 101, Mesa, AZ 85201
2415 E. Camelback Road, Suite 500, Phoenix, AZ 85016
3200 N Central Ave, Suite 1600, Phoenix, AZ 85012
201 East Washington Street, Suite 1200, Phoenix, AZ 85004
1 East Washington Street, Suite 2300, Phoenix, AZ 85004-2555
2 North Central Avenue, Suite 2100, Phoenix, AZ 85004
Two North Central Ave, Suite 1715, Phoenix, AZ 85004
7047 E. Greenway Pkwy, Suite 250, Scottsdale, AZ 85254
2398 East Camelback Road, Suite 850, Phoenix, AZ 85016-9007
2525 E. Camelback Road, Suite 1000, Phoenix, AZ 85016
2375 East Camelback Road, Suite 800, Phoenix, AZ 85016
2800 N Central Ave, Suite 1200, Phoenix, AZ 85004
333 N. Central Avenue, Phoenix, AZ 85004
40 N Central Ave, Suite 2700, Phoenix, AZ 85004
1 East Washington Street, Suite 1600, Phoenix, AZ 85004
Gilbert Tax Increment Financing Information
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What Is Tax Increment Financing?
Tax increment financing (TIF) is a special tax treatment cities and states give certain areas of land to incentivize redevelopment. Examples of projects that tax advantage of tax increment financing include:
- Redeveloping vacant buildings and unused structures
- Developing a sports complex
- Cleaning up polluted land and properties
- Improving downtown business districts
- Financing infrastructure improvements
What Are Some Examples of Situations Where I Might Need a Tax Increment Financing Lawyer?
If you are trying to develop unused or blighted areas of Gilbert, tax increment financing can generate investment in the development projects. This is a way to motivate investors to help fund a project that will pay for itself with increased tax revenue from a growth in property value. You should consider hiring a lawyer who specializes in TIF compliance at the beginning of your project.
How Can a Tax Increment Financing Lawyer Help Me?
Tax increment financing is a way for cities to develop projects that will cover the initial investments from their own increased property value. Taxpayers may not want to support outright spending projects. Taxpayers may be more willing to support TIF projects because they pay for themselves over time. A tax increment financing lawyer can help with:
- Legal counsel and guidance
- Identifying the right financing projects
- Drafting the tax increment financing agreements
- Tax structuring to recuperate project investments
What Could Happen if I Don’t Hire a Tax Increment Financing Lawyer?
Tax increment financing projects are complex. These projects require extensive investigations into the property, zoning, stakeholders, property owners, land use restrictions, and environmental issues. Without hiring a TIF lawyer, your project could face many complications, including:
- Toxic tort litigation
- Community opposition
- Zoning restrictions
- Lack of financing
What Are the Top Questions When Choosing a Tax Increment Financing Lawyer in Gilbert?
When you look for a TIF lawyer, ask questions to make sure they are the right person for the job. Many lawyers offer consultations so you can understand your options and get specific legal advice. The top questions to ask include:
- What experience do you have in handling tax increment financing projects in Arizona??
- What is your approach to starting a TIF project?
- What potential legal strategies may be applicable to my case?
- What are the potential consequences and penalties if there are problems with the project?
- How will you communicate with me through this legal process?
Tips for Hiring a Tax Increment Financing Lawyer
When you are looking for the right lawyer, find someone who will protect your interests, represent your needs, understand your case, know your goals, and have the necessary experience. Some tips for finding the right lawyer include:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about fees and billing
- Trust your instincts