ABOUT THE BID TAX
The Mount Vernon Triangle Community Improvement District (MVT CID) is funded by a supplemental real property tax called a business improvement district (BID) tax. Funds provided by the BID tax, which is levied on residential, commercial (office and retail), hotel and undeveloped land properties in the neighborhood, are used to support designated programs, projects or services that include:
- Clean & Safe Ambassadors
- Marketing & Community Events
- Real Estate & Economic Development
- Parks, Art & Culture
- Transit & Public Realm Improvements
- Workforce Development
- Stakeholder Advocacy
Beginning with the payment due March 31, 2021, non-exempt MVT CID property owners now receive a combined real property and BID tax bill; see below for further information regarding this update. The first half BID tax payment is due September 15 and the second half BID tax payment is due March 31. MVT CID tax rates for FY 2021 (covering October 1, 2020 – September 30, 2021) are below:
- $130.00 per residential unit ($65.00/unit each bill)
- $0.1630 per rental square foot of commercial space ($0.0815/RSF each bill)
- $98.00 per hotel room ($49.00/room each bill)
- $0.3800 per vacant land square foot ($0.1900/LSF each bill)
Payment of your MVT CID tax bill is made to the DC Office of Tax and Revenue (OTR), which is the government agency responsible for processing your tax payment and transferring funds to the MVT CID. While the MVT CID is not directly involved in the processing of your taxes, we want to assist you to ensure that your interaction with OTR goes as smoothly as possible.
OTR recently launched MyTax.DC.gov—a new site that allows DC taxpayers to manage all real property (including BID), individual income and business taxes online. As part of the new system, taxpayers will now receive a single bill for both real property and BID taxes.
How will this affect your BID tax payment?
- You will receive one unified bill for all your real property and BID tax including any penalties, interest and fees owed.
- In compliance with DC law, all payments will first satisfy real property tax and related penalties, interest and fees before your BID tax is paid.
- Only Property Owners of Record can request address or contact information changes through the new system. This means the Mount Vernon Triangle CID is no longer able process courtesy change of address requests.
- Wells Fargo will no longer accepts real property tax payments.
What should you do now?
- Register for an account at MyTax.DC.gov. You will need:
- The “Notice Number” listed on a letter received from OTR.
- The most recent tax return or payment information, depending on the tax account type.
- Verify your address and contact information.
- Notify your mortgage lender, payment servicer and title company of the new system.
- Additional questions may be routed to the OTR Customer Service Center at (202) 727-4TAX (4829).
- For assistance with MyTax.DC.gov and/or account-related questions, please contact OTR’s e-Services Unit at (202) 759-1946 or email [email protected] from 8:15 a.m. to 5:30 p.m., Monday through Friday.
We recognize that with any new technology system implementation glitches may occur, and ask that you please don’t hesitate to contact our office at [email protected] should you experience any major issues with viewing or paying your BID tax so that we can alert and provide feedback to OTR.
And as always thank you for your continued support of the Mount Vernon Triangle CID.
Last Updated: March 8, 2021