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TIF District Application

To utilize any incremental Education Property Tax revenue to finance TIF District infrastructure debt, a TIF District Application, including a TIF District Plan and a TIF District Financing Plan must be considered and approved by the Vermont Economic Progress Council (VEPC). The state approval process also requires that certain steps and approvals occur on the municipal level prior to approval by VEPC. VEPC must determine if a TIF District, as presented in a TIF District Plan and application, meet statutory approval criteria based on need (But For), process, location, and project goals. The Council must also confirm market and fiscal viability, nexus between the infrastructure and private development, determine the proportion of infrastructure costs that can be paid with incremental Education Property Tax Revenue generated by the TIF District, and determine the appropriate share of incremental Education Property Tax revenue that can be utilized by the TIF District, up to 70%. 

Vermont Economic Progress Council staff is available to answer questions regarding this program and the preparation of your application. To ensure compliance with statute and rule, municipal officials must contact VEPC staff and review all available material regarding the TIF District program in advance of beginning the process to establish a TIF District locally and applying to VEPC for utilization of incremental education property tax revenue. Staff at the Vermont Department of Taxes, Division of Property Tax Valuation and Review (PVR) are available to assist with property valuation and grand list questions and issues.

Letter of Intent to Apply Form and Instructions (pdf)
Application Instructions (pdf)
Application Forms (pdf)
Data Workbook (xlsx)
Financing Plan Form and Instructions (pdf)
TIF Master Plan Policy & Procedure (pdf)
Location Criteria C Eligibility (pdf) (Updated August 1st, 2023)
Affordable Housing Information (pdf) (VHFA Affordable Housing data)
VEPC Meeting Schedule