Annual BID Tax Summary
A BID is funded through a self-imposed additional tax on non-exempt property owners in order to provide a higher level of services for a designated area on behalf of those property owners. At the Annual Meeting of BID tax paying members held in January of 2012, the membership voted to adjust the BID tax rates. Following multiple public hearings, the city council and executive office of the mayor approved the rate adjustments submitted by the BID membership as part of the BID's five year business plan. Beginning with the billing due on October 1, 2012, the Capitol Riverfront BID tax will be assessed for nonexempt properties according to the following formulas:
- The amount of $0.36 per land square foot for vacant and/or unimproved land on lots up to 88,000 square feet;
- The amount of $0.065 per land square foot for vacant and/or unimproved land on lots greater than 88,000 square feet but less than or equal to 200,000 square feet;
- The amount of $0.18 per land square foot for vacant and/or unimproved land on lots greater than 200,000 square feet;
- The amount of $0.16 per land square foot for lots and buildings which have a certificate of occupancy or other District license indicating that the land or building has an existing active industrial, utility or storage use;
- The amount of $0.08 per land square foot for lots located within the right of way for the proposed realignment of the Frederick Douglass Memorial Bridge;
- The amount of $0.16 per gross square foot for commercial buildings containing 8,000 gross square feet or more;
- The amount of $0.09 per $100 of assessed value for commercial buildings less than 8,000 gross square feet;
- The amount of $95.00 per hotel room annually;
- The amount of $120.00 per unit annually for nonexempt residential properties. By law, residential property with ten (10) units or less are not subject to the BID tax. Additionally, the BID tax is NOT applied to publicly subsidized housing and/or affordable housing units leased or sold below market rate.
- The maximum amount for any one lot or tax bill is capped at $100,000 annually.
BID Taxes Now Payable Online
Effective immediately, the DC Office of Tax and Revenue (OTR) has implemented an eCheck payment option for property owners who would like to pay their Business Improvement District (BID) taxes online. The new online payment system, effective immediately, is convenient and easy to use 24 hours a day, 7 days a week at no charge to the property owner. Payments are made only when authorized, and BID tax payers will receive a receipt and a reference number as proof of payment. See more information and instructions here.
FY 2015 Budget
Total FY 2016 estimated revenues for the Capitol Riverfront BID are approximately $1,971,000. We invite you to view are most recent annual report available here.
BID Tax Billing Cycle
BID taxes are billed twice a year at the same time as real property taxes - September and March of every year. The BID tax is billed six months in advance:
- The September billing is due on October 1st for October 1st through March 31st
- The March Billing is due on April 1st for April 1st through September 30th
NOTE: DO NOT combine a BID tax payment with a real property tax payment. Each BID tax bill must be paid with a separate check. BID taxes can be paid online, at any District of Columbia branch of Wells Fargo Bank or by mailing payment to the following address:
Government of the District of Columbia
Office of Tax and Revenue
Real Property Tax Administration
P.O. Box 98095
Washington, DC 20090-8095