Lakewood President Paul Serwatka sent an email out announcing a property tax refund for those who were impacted with the now dissolved TIF district. You can read about it below:
Friends and Neighbors,
On June 13 2017, as promised, the Lakewood Village Board dissolved Lakewood’s $66 Million TIF District, passing Ordinance No. 2017-18, an Ordinance “Dissolving the Special Tax Allocation Fund (TIF District) for the Redevelopment Project Area and Terminating the Designation of the Redevelopment Project Areas as a Redevelopment Project Area”.
With this TIF District and Special Tax Allocation Fund no longer in existence, residents and parcel owners from within this area are entitled to a refund on the portion of the property taxes they paid last year, that were allocated to this TIF District Fund.
These property tax refund checks will be mailed out tomorrow.
If you are among the residents and/or parcel owners within what was formerly this TIF District/Redevelopment Area, the amount of your refund will be the amount allocated toward “Lakewood TIF 2015” on your 2016 Real Estate Tax Bill.
A map illustrating the boundary lines of this TIF District/Redevelopment Area is seen below:
If you have any questions, please feel free to reach out.
For a better Lakewood,