Arlington Business Improvement District Proposed Business Tax Assessment
The Arlington Business Partnership is proposing a change to the Annual Assessment rate from a 90% tax rate up to a $400 cap to 100% tax rate with no cap limit. The Arlington Business Improvement District has remained with the same assessment for over 18 years and has never adjusted for inflation.
The proposed business tax assessment is necessary to re-introduce a Clean & Safe Program which will provide clean-up, maintenance & security services directly to business owners in the BID.
The increase will also help keep and enhance current grants, events, marketing & promotions to keep in-line with inflation.
Based on 2020/2021 Business Tax Assessments:
72% of Businesses in the BID would face an annual increase up to $44
28% of Businesses in the BID currently hit the $400 cap rate and the direct impact is unable to be calculated because ABP isn’t aware of the base tax assessment for these businesses.
EXAMPLE OF CURRENT BUSINESS TAX PAYMENT – 90% ASSESSMENT WITH $400 MAXIMUM CAP
Base Business Tax - Arlington BID Assessment Fee - (Base multiplied by 0.90) = Total Business Tax Due
1. $100.00 + $90.00 = $190
2. $1,000.00 + $900.00 ($400) = $1,900 ($1,400)
EXAMPLE OF PROPOSED BUSINESS TAX PAYMENT – 100% ASSESSMENT WITH NO MAXIMUM CAP
1. $100.00 + $100.00 = $200
2. $1,000.00 + $1,000.00 = $2,000
The proposed business tax assessment is necessary to re-introduce a Clean & Safe Program which will provide clean-up, maintenance & security services directly to business owners in the BID.
The increase will also help keep and enhance current grants, events, marketing & promotions to keep in-line with inflation.
Based on 2020/2021 Business Tax Assessments:
72% of Businesses in the BID would face an annual increase up to $44
28% of Businesses in the BID currently hit the $400 cap rate and the direct impact is unable to be calculated because ABP isn’t aware of the base tax assessment for these businesses.
EXAMPLE OF CURRENT BUSINESS TAX PAYMENT – 90% ASSESSMENT WITH $400 MAXIMUM CAP
Base Business Tax - Arlington BID Assessment Fee - (Base multiplied by 0.90) = Total Business Tax Due
1. $100.00 + $90.00 = $190
2. $1,000.00 + $900.00 ($400) = $1,900 ($1,400)
EXAMPLE OF PROPOSED BUSINESS TAX PAYMENT – 100% ASSESSMENT WITH NO MAXIMUM CAP
1. $100.00 + $100.00 = $200
2. $1,000.00 + $1,000.00 = $2,000