In short, TIF districts do not increase your taxes. In TIF areas, properties are assessed and taxed the same as properties in non-TIF areas. All property owners within the TIF area pay the same level of property taxes as all other property owners outside the TIF boundary.
The only change is that during the life of the TIF the property tax revenues are distributed differently. Only the incremental increase in tax revenue that occurs after the creation of the TIF goes to the municipality to finance some of the redevelopment expenditures within the TIF area.