Introduction to BID
The BID is approximately 400 acres in size. It’s boundaries run generally from Sanford Street to the North, Davis to the West, Collins to the East and 2nd Street to the South.
There are 235 property owners within the Downtown Arlington BID.
BID’s all over the nation have benefited the cities that have them, but they can also provide astounding opportunity for you. The districts strengthen property values by improving the areas cleanliness and helping to ensure the area is safe. Ultimately, these resources help make our downtown a thriving and vibrant community center.
The BID has already chauffeured amazing progress into Downtown Arlington. The Downtown Arlington BID has already proven it’s worth to local businesses with projects like our Litter Patrol program and the installation of 28 trash receptacles throughout the downtown district. The BID also helps maintain the banner program.These are just a few of the projects we’ve been able to complete. Learn more about our success here.
The Downtown Arlington Business Improvement District was formed in 2010, and was initially approved for 5 years. The Public Improvement District Assessment (PID) Act in the state of Texas allowed for the formation of a taxable district where the funds returned to be used exclusively for community betterment.
A Business Improvement District is an area that partners with the local government to improve the community over the long term. Property owners within the “BID” pay a special property tax that is then funneled to various projects within the district. All of the projects help renovate, redesign or improve some aspect of the area.
I'm thinking about enrolling.
Anyone who owns a property within the designated area is eligible to join the BID program. If you are not a property owner, but would like to participate in the downtown renewal, please visit our Membership page to find out how you can support our efforts.
A property owner in the BID will pay $0.16 for every $100 of their appraisal value (as reported by the Tarrant Appraisal District), which will then be transferred to the BID manager for use on the BID. For example, a property valued at $250,000 would pay $400 per year.
Your contribution immediately goes to work within the business improvement district.
I'm enrolled; now what?
We want to make this process as easy as possible, because you have enough on your plate running a successful business. Your contribution to the BID will be included in your annual property tax bill. Those funds are then immediately available to be invested back into the district.
Downtown Arlington Management Corporation is happy to help with any questions you may have. Feel free to contact us through the contact form on our website or via email at email@example.com.
The Downtown Arlington Management Corporation proudly manages the BID. The DAMC is professionally staffed, and is governed by a Board of Directors, which is composed of a cross section of stakeholders and community partners. For more information about the organization, please visit the About page on our website.
Property owners within the BID pay a special amount when they file their property taxes. This amount is referred back to us, and disbursed to the various projects inside downtown Arlington. Currently, the rate is 0.15 cents per $100 in appraised value. The proposed renewal rate is 0.16 per $100 in appraised value.
The Business Improvement District was originally set for 5 years. We are now seeking a program term of 10 years.
Downtown Arlington enjoys support from many different business owners and citizens, but we always need more voices in favor of the Business Improvement District. We rely on a petition to show the City Council that Arlington supports the continuation of this proposal. Sign the petition to let us know you support this idea!
We love hearing feedback about the BID, and about possible programs for downtown. If you’d like to contact us, feel free to reply online, through our website, email at firstname.lastname@example.org, or by phone at 817.303.2800.
Originally, the Downtown Arlington Business Improvement District was approved for 15 cents per $100 of property valuation, and for a 5 year term. We propose that the BID be renewed for 10 years at a rate of 16 cents per $100.
Taxable property value is determined by the Tarrant Appraisal District.
To figure out how much you contribute to the BID, take your Tarrant Appraisal District value and divide by 100. Then multiply the answer by 0.16. The result is what you contribute to the BID on an annual basis.
For example, a property valued at $250,000 would contribute $400 per year to the BID.
$250,000/100 = $2,500
$2,500 x 0.16 = $400