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What are some examples of CBID annual budget (as determined by assessment formula)?

The annual budget of a CBID is set by the Owners Association and is determined by the level and type of improvements and activities that property owners within the district wish to implement. As a result, CBID budgets range in size from under $100,000 to several million dollars.

Assessments are generally set using three metrics: Building area, lot square footage and linear property frontage. Below are examples of various formulas.

Example A Example B Example C
Building square feet $0.20 $0.15 $0.10
Lot size in square feet $0.10 $0.06 0.05
Linear frontage in feet $6.00 $2.00 $4.50

 

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