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 Capitol Riverfront BID’s last 5-year renewal, the BID 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.
The Capitol Riverfront BID tax is assessed for nonexempt properties according to the following formulas:
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:
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
The maximum amount for any one lot or tax bill is capped at $100,000 annually.
BID Taxes are now payable online: The DC Office of Tax and Revenue (OTR) has implemented an eCheck payment option for property owners to pay BID taxes online. The online payment system 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.
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.
For additional information regarding a Capitol Riverfront BID tax bill please contact 202.465.7093 or firstname.lastname@example.org.