Annual Assessment Rate Sheet

Rate Code Description Location Annual Rate ($)   Basis
All          
715 All Property All 25   ANNUAL
716 Non-Profit All 1   ANNUAL Max $250
717 Base Rate Retail All 225   Per year
718 Base Rate Commercial All 100   Per year
720 Associate Member All 1   Usage
721 Contributing Member All 1   Usage
722 Exempt All 0   Exempt
Core          
701 Ground Floor Retail Core Area 0.2   Per SQFT
702 Ground Floor Commercial Core Area 0.1   Per SQFT
703 Other Retail Space (Above Ground or Basement) Core Area 0.075   Per SQFT
704 Other Commercial Space Core Area 0.06   Per SQFT
705 Theaters Core Area 2   Per seat
706 Vacant Space Core Area 0.05   Per SQFT
710 Hotels Core Area 15   Per ROOM
Outer Core          
712 Retail Space Outer Core 0.1   Per SQFT
713 Commercial Space Outer Core 0.05   Per SQFT
723 Other Retail Space (Above Ground or Basement) Outer Core 0.0375   Per SQFT
724 Other Commercial Space Outer Core 0.03   Per SQFT
725 Vacant Space Outer Core 0.025   Per SQFT
726 Theaters Outer Core 1   Per seat
727 Hotels Outer Core 7.5   Per Room
Outer Zone          
714 All Property Outer Zone 0.04   per $100 assessed Value
719 Outer Core Space Outer Core 0.03   per SQFT

 

Definitions/Explanations
Assessment is on business owner, except un-leased vacant space and outer zone property, which is an assessment on property owner. Minimum assessment of $15 for 1987 and $25 thereafter.

  • Retail businesses are those oriented to public trade (includes restaurants, barber shop, etc.), selling a product including financial products
  • Outer Core areas are the four areas bordered by:
    1. Bannock - Front - Capitol - 5th Streets;
    2. Capitol - 9th - Front - Myrtle Streets; Grove - Idaho -12th - 13th Streets;
    3. 8th - 10th - State - Jefferson Streets
  • Square footage would be total rentable, not depending on use (office, selling, etc.), but according to type of business.
  • Below ground-level storage would be exempt from assessment.
  • Non-profits (as recognized by I.R.S.) assessed at commercial rate, to a maximum of $250.
  • Ground-level means the business opens to the ground level or if inside a building is on the main level.
  • Other property in “Outer Core” areas not covered under category (2) above will be assessed at half the rate in the core area.