Back to Top

Tax Increment Financing (TIF) District

A Tax Increment Financing district, also called a TIF district, is a set geographical location where property tax increments are used to fund projects in the area. A tax increment is the difference between the amount of property tax revenue generated before TIF district designation and the amount of property tax revenue generated after TIF designation. TIF districts do not increase taxes. Tax rates do not change when a TIF district is created because only the increase in property tax revenue, which comes from the growth of value of TIF district properties, are used for TIF projects. TIF districts are a great tool for local governments to attract new business, invest in infrastructure, and rebuild blighted areas in the community.

For more information on TIF districts here in Mundelein, please take advantage of the information provided below, or contact the Village’s Economic Development Team at (847)949-3282.


Official Tax Increment Financing Documents

TIF I
TIF I Boundary Map
TIF I Plan Draft
TIF I Eligibility Report Draft

TIF II
TIF II Boundary Map
TIF II Plan Draft
TIF II Eligibility Report Draft

TIF Final Annual Reports
2015 TIF Final Annual Report
2014 TIF Final Annual Report
2013 TIF Final Annual Report
2012 TIF Final Annual Report
2011 TIF Final Annual Report
2009 TIF Final Annual Report
2007 TIF Final Annual Report

TIF Joint Review Board Minutes
TIF Joint Review Board Minutes (January 11, 2016)
TIF Joint Review Board Minutes (January 12, 2015)
TIF Joint Review Board Minutes (January 13, 2014)
TIF Joint Review Board Minutes (January 28, 2013)
TIF Joint Review Board Minutes (January 23, 2012)
TIF Joint Review Board Minutes (January 24, 2011)
TIF Joint Review Board Minutes (January 25, 2010)
TIF Joint Review Board Minutes (January 26, 2009)
TIF Joint Review Board Minutes (January 23, 2008)