Real property in the business improvement district boundaries except as otherwise set forth in §§ 37.111 and 37.112, shall be subject to annual special assessments as follows:
(a) For Improvement Value: $1.50 per $1,000 of assessed valuation of improvements between $0 and $1,000,000, and $0.50 per $1,000 of assessed valuation of improvements greater than $1,000,000; and
(b) For Land Value: $1.00 per $1,000 of assessed valuation of land between $0 and $200,000, and $0.50 per $1,000 of assessed valuation of land greater than $200,000.
(1992 Code, § 39-146) (Ord. 114-89, passed 10-23-1989; Ord. 78-92, passed 8-17-1992; Ord. 60-07, passed 5-7-2007; Ord. 80-11, passed 10-11-2011; Ord. 142-22, passed 12-20-2022)