Annual Assessment Rate Sheet
|
Rate Code
|
Description
|
Location
|
Annual Rate
|
|
Basis
|
|
All
|
|
|
|
|
|
|
0715
|
All Property
|
All
|
$25.00
|
|
ANNUAL
|
|
0716
|
Non-Profit
|
All
|
$1.000
|
|
ANNUAL Max $250
|
|
0717
|
Base Rate Retail
|
All
|
$225.000
|
|
Per year
|
|
0718
|
Base Rate Commercial
|
All
|
$100.000
|
|
Per year
|
|
0720
|
Associate Member
|
All
|
$1.000
|
|
Usage
|
|
0721
|
Contributing Member
|
All
|
$1.000
|
|
Usage
|
|
0722
|
Exempt
|
All
|
$0.000
|
|
Exempt
|
|
Core
|
|
|
|
|
|
|
0701
|
Ground Floor Retail
|
Core Area
|
$0.200
|
|
Per SQFT
|
|
0702
|
Ground Floor Commercial
|
Core Area
|
$0.100
|
|
Per SQFT
|
|
0703
|
Other Retail Space (Above Ground or Basement)
|
Core Area
|
$0.075
|
|
Per SQFT
|
|
0704
|
Other Commercial Space
|
Core Area
|
$0.060
|
|
Per SQFT
|
|
0705
|
Theaters
|
Core Area
|
$2.000
|
|
Per seat
|
|
0706
|
Vacant Space
|
Core Area
|
$0.050
|
|
Per SQFT
|
|
0710
|
Hotels
|
Core Area
|
$15.000
|
|
Per ROOM
|
|
Outer Core
|
|
|
|
|
|
|
0712
|
Retail Space
|
Outer Core
|
$0.100
|
|
Per SQFT
|
|
0713
|
Commercial Space
|
Outer Core
|
$0.050
|
|
Per SQFT
|
|
0723
|
Other Retail Space (Above Ground or Basement)
|
Outer Core
|
$0.0375
|
|
Per SQFT
|
|
0724
|
Other Commercial Space
|
Outer Core
|
$0.030
|
|
Per SQFT
|
|
0725
|
Vacant Space
|
Outer Core
|
$0.025
|
|
Per SQFT
|
|
0726
|
Theaters
|
Outer Core
|
$1.00
|
|
Per seat
|
|
0727
|
Hotels
|
Outer Core
|
$7.50
|
|
Per Room
|
|
Outer Zone
|
|
|
|
|
|
|
0714
|
All Property
|
Outer Zone
|
$0.040
|
|
per $100 assessed Value
|
|
0719
|
Outer Core Space
|
Outer Core
|
$0.030
|
|
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.
