What is the North Central Special Business District?

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 A
Daily 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:

 

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Benefits

Residents have a strong voice in establishing the 5-year North Central Special Business District by voting “yes” during an upcoming election. Funds can only be used for the District to enhance safety and security, infrastructure, beautification, and marketing. Commissioners are appointed from our community.  These Commissioners must live or own property in the District.  The … Continue reading Benefits

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