Revitalization Tax Credits are designed to encourage revitalization in existing communities. The county offers eligible projects relief from taxes on any incremental value that they add as a result of making certain real property improvements.
Prince George’s County applies a school facilities surcharge to new residential developments or redevelopments. This surcharge covers anticipated increases in public educational services required to accommodate the new residents development brings.
TIF is a mechanism that helps fund public improvements related to economic development such as parking facilities, roadways and other public infrastructure.