Understanding PIDs and TIRZ: What Homebuyers and Investors Need to Know
When searching for a new home or considering real estate investments, understanding Public Improvement Districts (PIDs) and Tax Increment Reinvestment Zones (TIRZ) can be crucial. These special funding mechanisms impact property taxes, infrastructure development, and community amenities. In this guide, we’ll break down: 1. What a PID is and how it works 2. Advantages of …