The City of Marietta has established Tax Allocation Districts (TAD) in an effort to revitalize declining neighborhoods and stimulate reinvestment in underutilized property. Authorized under Georgia’s Redevelopment Powers Law, TADs offer opportunities for communities to support desired private development by reinvesting the resulting incremental property tax revenues into the projects themselves. Major projects assisted with Marietta’s first TAD bond issue include residential and mixed use development.

The Marietta Redevelopment Corporation (MRC) is responsible for evaluating requests from private developers to receive TAD funding support. The MRC has established policies and procedures to consider request for tax increment financing to support redevelopment projects within established and future TADs.

When all projects currently identified within Marietta's TADs are built out, they will have created approximately 850 housing units and 180,000 sq ft of office and retail space to Downtown Marietta neighborhoods and represent more than $315 million in real estate investment. Projects that have been affected by the current economic climate and correction in the residential housing market are expected to move forward as planned or to be revised to meet new market demands as conditions improve, as anticipated in FY11.

» TAD Application, Policy and Procedures (PDF)

Center City South Renaissance TAD		Franklin/Gateway TAD		Center City Perimeter TAD