1 the impact of tax increment financing on residential property value appreciation rachel weber saurav dev bhatta and david merriman urban planning policy program university illinois at chicago 412 south peoria street mc 348 60607 email rachelw uic edu sdbhatta school business administration loyola 25 e pearson 60611 dmerrim luc authors thank dan mcmillen center for research learning providing critical data this study diane mccarthy provided invaluable assistance gratefully acknowledges financial support from us department housing development scholars fellowship 2 abstract tif has been both applauded castigated causing rapid nearby properties it cited as a potential cause displacement low income residents our theoretical analysis suggests that neighborhood improvements within districts could in fact be expected to disproportionate valued homes we sold multiple times between 1993 1999 examine