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1. What is a Tax Increment Reinvestment Zone (TIRZ)

A Tax Increment Reinvestment Zone (TIRZ) is an economic development tool that captures the projected increase in tax revenue that is created by development within a defined area and reinvests those funds into public improvements and development projects that benefit the zone.

2. How does a TIRZ work?

A base value is determined by the existing taxable value of real property within the TIRZ at the time the TIRZ is created. The taxing entities (i.e. the city, county and school district) continue to receive the base year value of the property taxes throughout the life of the 30-year zone. The increment, the portion of incremental increase in real property tax revenue above the base year resulting from increases in taxable value of property, is captured for the TIRZ.

3. How many TIRZs does the City of McKinney have?

The City of McKinney currently has two TIRZ areas.

TIRZ 1

• TIRZ 1 relates to the Downtown McKinney area. See the TIRZ 1 area map
• Learn more about TIRZ 1
• Find out about the TIRZ 1 Board

TIRZ 2

• TIRZ 2 centers around the McKinney National Airport. See the TIRZ 2 area map
• Learn more about TIRZ 2
• Find out about the TIRZ 2 Board