Title
Update on Upcoming PBIA Assessments
Recommended Action
Information only. No action requested.
Report
Issue:
Discussion on the upcoming PBIA assessments
Staff Contact:
Max DeJarnatt, Senior Program Assistant, Community Planning & Development, 360.570.3723
Presenter(s):
Max DeJarnatt
Background and Analysis:
PBIA mails out assessments to Downtown businesses annually, in January. Businesses are assessed based on three criteria: location, business type, and number of employees, with varying rates for each. Using a combination of efforts by the Downtown Ambassadors and data provided by Department of Revenue staff hope to bring previously unidentified ratepayers into the assessment cycle. There are 411 active ratepayers and staff has identified an additional 341 potentially assessable businesses inside the PBIA’s boundary.
Neighborhood/Community Interests (if known):
N/A
Financial Impact:
An increase in assessment revenue. An 83% increase is possible but extremely unlikely.
Attachments:
PBIA Ordinance 3.62