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Tax Allocation Districts (TADs)
Tax allocation districts (TADs) are one of Athens Clarke County’s most valuable economic development tools. Also known as tax increment financing (TIF), tax allocation financing is a redevelopment and financing tool by which governments can provide financial assistance to eligible public and private redevelopment efforts within an officially designated area or TAD. Increases in property tax revenues, which are generated primarily from new investment in the district, are allocated to pay infrastructure costs or certain private development costs within the TAD.
Tax Allocation Districts in Athens-Clarke County
On November 10, 2020, the Mayor & Commission adopted redevelopment plans to establish six tax allocation districts within Athens-Clarke County. Following adoption by the Mayor & Commission, the Georgia Department of Revenue certified the tax allocation increment base for each of the six TADs. The established tax allocation districts are listed below and linked to their redevelopment plan.
- TAD #1: Mall Area
- TAD #2: West Broad/Hawthorne Area
- TAD #3: Newton Bridge
- TAD #4: East Downtown
- TAD #5: North Avenue
- TAD #6: Lexington Road
To learn more about the TADs in Athens-Clarke County, please reach out to Caitlin Dye at [email protected]
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Tax Allocation District Questions
Do you have any questions about our tax allocation districts or our incentives? If so, please reach out to our Business Development and Incentives Coordinator, Caitlin Dye. We look forward to hearing from you.