ABOUT CCC
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center city commission
year end report
The Center City Commission provides an annual financial analysis that includes a statement of revenue and expenses and balance sheet from the previous fiscal year. Click here to review the Annual Report.
Funding for Center City Commission operations is collected through an assessment fee on taxable commercial properties appraised at greater than $25,000 are included in the Central Business Improvement District. The first $25,000 of appraised value on all commercial properties is exempt from the assessment. The assessment does not apply to residential properties, churches, or other tax-exempt properties, or commercial properties appraised at less than $25,000.
Commercial property is assessed at a rate of 65 cents per $100 of assessed valuation. (Assessed valuation is only 40 percent of the property's appraised value.)
The funds from the CBID assessment are used by the Center City Commission to provide such services as technical assistance, professional planning and promotional support, design assistance, public improvements, and business recruitment, as well as management assistance relating to traffic, parking, maintenance, security, and other public issues.
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