The North Central Special Business District is a 5-year community strategy to enhance safety and security, infrastructure, beautification, and marketing services on both sides of Delmar Boulevard. Specifically, the boundaries of the proposal are Taylor Avenue on the west, Vandeventer Avenue on the east, Finney Avenue on the north and Lindell Boulevard on the south.
A special business district provides funding for services and projects from additional real estate taxes in the boundaries. The North Central Special Business District will be established by a city ordinance and voter approval. Without this funding, a community would be completely dependent on local government, developers or private investors, rather than a partnership with residents.
Our proposal is asking for a real estate tax that does not exceed 75 cents per $100 of assessed valuation. If a property is tax-abated, the tax would be based on the pre-development value until the abatement has expired when the full payment would take place. Use the chart below to estimate the tax:
Appraised Value |
Assessed Value |
Annual Increase@ 75 cents per $100 of Assessed Value |
Increase On ADaily Basis |
$50,000 |
$9,500 |
$ 71.25 |
About 20 cents a day |
$100,000 |
$19,000 |
$ 142.50 |
About 39 cents a day |
$200,000 |
$38,000 |
$ 285.00 |
About 78 cents a day |
$300,000 |
$57,000 |
$ 427.50 |
About $1.17 per day |
Boundaries:
NORTH CENTRAL SPECIAL BUSINESS DISTRICT 