Public Improvement Fee

A close relative to TIFs is the PIF (Public Improvement Fee) that I ran into in Adams County, a Denver Metro county. This was an extra 0.5% tax on most sales at the tenants of the center. This 0.5% tax went to Adams County who in turn reimbursed the Developer for redeveloping the industrial area. This is different than the TIF becuase it has absolutely nothing to do with property taxes.