| 요약1 |
This paper purposed to analyze the present situations and problems of financing for urban redevelopment in Korea, and to introduce the alternative financial resources, especially the tax incrementals. TIF(Tax Increment Financing) is based on the idea that the development or redevelopment of a certain area will produce larger tax revenues from that area than would have been produced naturally had no development occured. TIF would be an effective tool for local governments to use property tax revenues in public expenditure, such as urban redevelopment projects. To applicate TIF successfully in Korea, structuring the basic financial scheme, and understanding the difference of property tax system between U.S and Korea would be essential points. |