The Capitol Riverfront BID tax is assessed for nonexempt properties according to the following formulas: $0.38 per land square foot for vacant and/or unimproved landWhat happened at the Capitol Riverfront BID last 5 year renewal?
At the Capitol Riverfront BID’s last 5-year renewal in 2017, 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.How is a bid funded?
A BID is funded through a self-imposed additional tax levy 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 in 2017, the BID membership voted to adjust the BID tax rates.How do I pay my bid tax in DC?
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 Real Property Tax and 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.