How long does a TAD stay in effect?

The length of the TAD is determined by the Redevelopment Plan and approved in the resolution passed by the local government. In most, but not all, cases, TADs are initially approved for 30 years, so they can be effectively used to secure bond financing. 

Show All Answers

1. What is a Tax Allocation District, and how does it work?
2. Where can local governments form TADs?
3. Will I pay a higher tax rate if my property is within a TAD?
4. What does the TAD referendum authorize, and when did it pass in Athens-Clarke County?
5. How is a TAD area created?
6. If the local government decides to create a TAD, how does the School District become involved?
7. How long does a TAD stay in effect?
8. How do private developers benefit from TADs?
9. What is the tax increment?