Under Illinois law, Tax Increment Financing ("TIF") districts receive money from property taxes by utilizing increases in the value of properties located in the TIF. There is no tax rate for TIF districts. Instead, TIFs receive money based on tax rates generated by other districts’ tax levies. Money is allocated to the TIF based on the composite tax rate for properties in the TIF and the incremental value of properties in that TIF (when compared to values when the TIF was established.)
Currently, Cook County distributes tax revenue using "tax codes"— groupings of taxing districts commonly shared by the parcels in that code. Using the search function below, you may see if your property is in a tax code that contains a TIF and, if it is, you can view how tax revenue is distributed in that tax code.