Is the tax rate higher inside a district than outside?
No, tax rates are not directly affected by district boundaries. Property tax obligations are based on whatever government taxing districts the property is located within. So, a property in a renewal district that is in the same taxing districts as a property outside of a renewal district is levied at the same rate. The only difference is that the increment within a renewal district is directed to revitalization efforts in that district. Property owners within a district do have two line items on their tax bill, for the base and the increment, but the total amount charged to an individual taxpayer is the same whether the property is inside or outside an urban renewal district.
