Summer 2021 Newsletter

PRESIDENT’S MESSAGE CONTINUED

back what you put into it and then some. I hope that you feel the same way when attending FCI- AAO events. Always remember that this is your Chapter. Please feel free to contact me or any of the Executive Board members with any questions, suggestions or concerns. I hope to see all of you in Orlando at the Annual Conference in July.

Please stay safe.

Respectfully,

Justin Edwards, AAS, PPS, CFE FCIAAO President 2020-2021

APPRAISAL TERMINOLOGY 101

Tax Increment Finance (TIF)- The idea that property taxes, or other revenue, resulting from the increase in a tax base (for example, property values or retail sales) in a specific area can be used to repay the costs of investments in that area. Funds may be invested in various programs, such as public infrastructure improvements or land write-down subsidies to private investors.

So urce: Glossary for Property Appraisal and Assessment.

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Summer 2021 Newsletter of the FCIAAO