Tax Increment Districts

The City of Watertown has four active Tax Incremental Financing Districts.

TIF District # 4
The City created Tax Incremental Financing District #4 (TID 4) in 2005. In the original 2005 Project Plan, the base value of the TIF District was listed as $1,047,600.  As recently as 2020, the District had added $41,843,800 in increment value. 

TIF District # 5
The City created Tax Incremental Financing District #5 (TID 5) in 2005. In the original 2005 Project Plan, the base value of the TIF District was listed as $39,631,000. As recently as 2020, the District had added $22,885,800, added dozens of senior and workforce housing units, extended the Riverwalk, added public spaces, and eliminated blight. View the full project plan at the following link:

TID #5


TIF District # 7
The City created Tax Incremental Financing District #7 (TID 7) in 2016. At the time of developing the Project Plan, the base value of the TIF District was listed as $42,443,600. As recently as 2020, the District had added $3,082,000 in increment value. The full project plan can be found at the following link:

TID #7

TIF District # 8
The City created Tax Incremental Financing District #8 (TID 8) in 2021. In the Project Plan, the base value of the TIF District was listed as $12,736,900. The initial estimate of proposed project costs over the Districts 22-year expenditure period is $39,474,058 with an anticipated value increase of $78,785,841. View the full project plan at the following link:

TID #8