BID Expansion & Assessment Proposal (2022-23 FY)
The Arlington Business Improvement District has remained with the same assessment for over 20 years and has never adjusted for inflation.
The proposed business tax assessment is necessary to help keep and enhance current grants, events, marketing & promotions to keep in-line with inflation along with re-introducing a Clean & Safe Program which will provide clean-up, maintenance & security services directly to business owners in the BID.
The proposed business tax assessment is necessary to help keep and enhance current grants, events, marketing & promotions to keep in-line with inflation along with re-introducing a Clean & Safe Program which will provide clean-up, maintenance & security services directly to business owners in the BID.
Assessment Proposal
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.
Based on 2020/2021 Business Tax Assessments:
72% of Businesses in the BID would face an annual increase up to ~$45
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
Based on 2020/2021 Business Tax Assessments:
72% of Businesses in the BID would face an annual increase up to ~$45
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
BID Expansion Proposal
Expansion would include:
Hole Ave - From 10100 - 10299 to 10100 - 11100
Tyler St - From 3801 - 4099 to 3380 - 4140 including Galleria at Tyler
Magnolia Ave - From 9001 - 10299 to 8945 - 11194
Indiana Ave - From 9390 - 9958 to 9390 - 10406
La Sierra Ave - 3653 - 4350 (Both sides) & 4351 - 4845 (Odd side Only)
Polk St - 3500 - 4088
Sherman Dr - 3800 - 3900
Rudicill St - From 9500 - 9599 to 9500 - 9699
Hole Ave - From 10100 - 10299 to 10100 - 11100
Tyler St - From 3801 - 4099 to 3380 - 4140 including Galleria at Tyler
Magnolia Ave - From 9001 - 10299 to 8945 - 11194
Indiana Ave - From 9390 - 9958 to 9390 - 10406
La Sierra Ave - 3653 - 4350 (Both sides) & 4351 - 4845 (Odd side Only)
Polk St - 3500 - 4088
Sherman Dr - 3800 - 3900
Rudicill St - From 9500 - 9599 to 9500 - 9699
