Top Bexley, OH Tax Increment Financing Lawyers Near You
2000 Huntington Center, 41 South High Street, Columbus, OH 43215
4449 Easton Way, Suite 200, Columbus, OH 43219
100 South Third Street, Columbus, OH 43215
200 Civic Center Drive, Suite 1200, Columbus, OH 43215-4260
41 S High St, Suite 1800, Columbus, OH 43215
One Columbus, Suite 2300, 10 West Broad Street, Columbus, OH 43215-3467
41 South High St., Suite 2200, Columbus, OH 43215
180 E Broad St, Suite 3400, Columbus, OH 43215
41 S. High St., Huntington Center, 21st Floor, Columbus, OH 43215
10 West Broad Street, Suite 1950, Columbus, OH 43215
175 South Third Street, Suite 520, Columbus, OH 43215
250 West St, Suite 550, Columbus, OH 43215
670 Meridian Way, Suite 275, Westerville, OH 43082
325 John H. McConnell Boulevard, Suite 600, Columbus, OH 43215
41 South High Street, Suite 1700, Columbus, OH 43215-6101
21 E State St, Suite 200, Columbus, OH 43215
191 West Nationwide Blvd, Suite 200, Columbus, OH 43215
1200 Huntington Center, 41 South High St., Columbus, OH 43215
52 East Gay Street, Columbus, OH 43215
Huntington Center, 41 South High Street, Suite 2800-3200, Columbus, OH 43215
175 South Third Street, Suite 290, Columbus, OH 43215
250 West Street, Suite 700, Columbus, OH 43215
41 South High Street, 33rd Floor, Columbus, OH 43215
5053 Grassland Dr, Dublin, OH 43016
Bexley 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 Bexley, 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 Bexley?
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 Ohio??
- 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