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Newport Ridge Development Special TIF Tax Increment Program

Download Our Tax Savings Information

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Homeowners in Newport Ridge enjoy a special property tax program called a TIF program.  As a Homeowner in Newport Ridge you pay your property taxes.  Then the school, the county and the city will credit the amount you paid in property taxes toward your special assessments.  This results in saving the average family over $2000 per year

The chart below illustrates the savings on two homes of similar value over a 21 year period.  The total savings of over $54,000 was based on 2007 tax information.

For decades Governments have used TIF Programs to encourage growth and increase values using future gains and taxes to offset the cost of streets and development infrastructure.  This program was passed by the City of Kindred to encourage residential growth in Newport Ridge

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