Tax Increment Finance (TIF)

Tax Increment Finance (TIF)

Tax Increment Financing (TIF) is a means of financing public improvements in a defined geographic area, known as a tax incremental district or "TIF District".  A TIF district can be created by either a municipality or county.  The specific procedures for creating a TIF district are outlined in SDCL ch. 11-9


Current Tax Increment Finance Districts

TIF #4

Seger Crossing Business Park

Applicant: City of Box Elder

Developer: B-1 Development Inc.

Cost:  $11,500,000

Approved: June 18, 2019



TIF #5

Liberty Center Plaza

Applicant: City of Box Elder

Developer: Dream Design International

Cost:  $10,359,447

Amendment Cost: $3,610,624 (additional)

Total Cost: $13,970,071

Approved:  December 15, 2020

Amendment: September 20, 2022


Developers Agreement



TIF #6

Apple Valley Affordable Housing Subdivision

Applicant: Pink Cabin LLC

Developer: Pink Cabin LLC

Cost: $12,413,620

Approved: December 7, 2021

Developer Presentation


Developers Agreement






Department of Revenue TIF Fact Sheet

Department of Revenue TIF Guidelines