How is a TAD area created?

Once the TAD referendum passes, the local governments are authorized to form one or more TADs consistent with the requirements of Georgia’s Redevelopment Powers Law. This is accomplished by designating a TAD boundary and preparing a TAD Redevelopment Plan to act as the business plan for the operation of the district. The plan is discussed at two public hearings and then must be approved by a resolution of the Mayor & Commission. Once the resolution is passed, the taxable value in the TAD is "certified" as the base value of the district by the Department of Revenue. 

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1. What is a Tax Allocation District, and how does it work?
2. Where can local governments form TADs?
3. Will I pay a higher tax rate if my property is within a TAD?
4. What does the TAD referendum authorize, and when did it pass in Athens-Clarke County?
5. How is a TAD area created?
6. If the local government decides to create a TAD, how does the School District become involved?
7. How long does a TAD stay in effect?
8. How do private developers benefit from TADs?
9. What is the tax increment?