What Takes Priority – A TIF Exemption or Another Exemption? The Ohio Supreme Court Weighs In
Two important aspects of every tax increment financing (TIF) project in Ohio are (i) determining whether the TIF exemption or another exemption should take priority when two exemptions apply to the same property, and (ii) taking the steps necessary to implement the preferred priority. Today, the Ohio Supreme Court weighed in on one aspect of the foregoing in Fairfield Twp. Bd. of Trustees v. Testa, Slip Opinion No. 2018-Ohio-2381 (Fairfield Twp.).