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This means that property owners in that area may apply with the local municipality for a property tax exemption on improvements to a property for a specified period of time.Typically, these are applied to new construction, which means that the property tax increases for the improvements being built are not paid for a certain number of years.Enterprise Zone (EZ)Enterprise Zones work similarly to CRAs, but they are applied to new construction specifically on large commercial projects.Property owners may apply with the local municipality for a property tax exemption on improvements to a property for a specified period of time.Any approval of an Enterprise Zone is done by the local municipality, not by the Lucas County Auditor's Office.Tax Increment Financing (TIF)This is a property tax redirection.TIFs are sometimes referred to as property tax exemptions, however, the way they work means that property owners still receive a tax bill every year for the same amount they would otherwise pay if they were not in a TIF area. 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