Tax incremental financing (TIF) is utilized by the City of Sheboygan to assist with development that would not otherwise occur without financial support. At the creation of a Tax Increment District (TID), the base value of the property is determined and the overlying taxing jurisdictions agree to forego their share of additional property taxes collected on the new development in order to support the projects within the TID. The increment collected from the improvements within the district can be utilized for public improvements/infrastructure, development incentives and administrative expenses. The full value of the properties will return to the tax roll upon TID closure.
Current Tax Increment Districts
TID 16 – 8th Street:
TID 16 Project Plan
Development Agreement – Eighth Street Housing Corp
Development Agreement Amendment – Eighth Street Housing Corp
Development Agreement Amendment (2)-Eighth Street Housing Corp
Development Agreement – Sheboygan Press
Development Agreement Amendment – Sheboygan Press
TID 17 – Indiana Ave:
TID 17 Project Plan
Development Agreement – Badger State Lofts LP
Development Agreement – Gencap Emem Sheboygan 101, LLC
Development Agreement – Vue 14 LLC
TID 18 – Southpointe Enterprise:
TID 18 Project Plan
Development Agreement – Sheboygan Southpoint Development LLC
TID 19 – Riverbend:
TID 19 Project Plan
Development Agreement – Office Service Company
Development Agreement – Watershed Development LLC
Development Agreement – Rabit Properties LLC
TID 20 – VanderVaart/Oscar Apartments:
TID 20 Project Plan
Development Agreement – Oscar Apartments
Development Agreement Amendment 1 – Oscar Apartments
Development Agreement Amendment 2 – Oscar Apartments
TID 21 – Downtown:
TID 21 Project Plan
TID 21 Project Plan Amendment – Approved 5-8-25
Development Agreement – Malibu Apartments LLC
Development Agreement – Riverview District LLC
TID 22 – Westside:
TID 22 Project Plan
Development Agreement – Van Horn Properties
TID 23 – Southside:
TID 24 – Jakum Hall/Luedke:
TID 24 Project Plan
Development Agreement – Jakum/Luedke Apartments
TID 25 – Former Aurora Property:
TID Annual Reports
2024 Annual TID Summary
2023 Annual TID Summary
2022 Annual TID Summary
2021 Annual TID Summary
TID Audits
TID 1E Closure Audit – 2024
TID 6 Closure Audit – 2023
TID 10 Closure Audit – 2023
TID 12 Closure Audit – 2023
TID 13 Closure Audit – 2023
TID 14 Closure Audit – 2023
TID 15 Closure Audit – 2023
TIF Incentives
If you are looking to apply for tax incremental financing, please fill out the following form: Tax Incremental Financing Application
Resources
TIF Frequently Asked Questions
Tax Incremental Financing (Video)
TIF Information – WI Department of Revenue