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Annual BID Tax Summary

A BID is funded through a self-imposed 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.  The Capitol Riverfront BID is funded through annual BID taxes that will be assessed for non-exempt properties according to the following formulas:

  • The amount of $0.09 per $100 of the assessed value of unimproved land, or commercial buidlings containing less than 50,000 gross square feet;
     
  • The amount of $0.04 per $100 of the assessed value of land and buildings which have a certificate of occupancy or other District license indicating that the land or buidling has an existing active industrial, utility or storage use;
     
  • The amount of $0.02 per $100 of the assessed value of land and buildings located within the right of way for the proposed realignment of the Frederick Douglass Memorial Bridge;
     
  • The amount of $0.12 per gross square foot of commercial buildings containing 50,000 gross square feet or more; provided that the BID tax imposed on any such buidling shall not exceed $75,000 annually;
     
  • The amount of $72.00 per hotel room annually; and
     
  • The amount of $96.00 per unit annually for nonexempt residential properties.  Residential property units with less than ten (10) units shall not be subject to the BID tax.  Additionally, as required by law, publically subsidized housing is not subject to the BID tax.

 FY 2012 Budget

Total estimated revenues for the Capitol Riverfront BID will be approximately $1,750,000 in FY 2012.  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 for October 1 through March 31st
  • The March Billing is for April 1st through September 30th

NOTE: Each BID tax bill must be paid with a separate check; DO NOT combine a BID tax payment with a real property tax payment

For additional information regarding a Capitol Riverfront BID tax bill please contact 202.465.7093 or kelly@capitolriverfront.org

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