Transit benefit assessment district

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Transit Benefit Assessment Districts are a way of raising revenue for transit that involves a property-tax surcharge on parcels or businesses. SB 142 (2013) allows Transit Benefit Assessment Districts within one-half mile of an existing or proposed transit station. The tax assessment must be proportional to the benefit received by property within this zone, and approval requires a two-thirds affirmative vote of the transit agency's board and absence of protest by a majority of property owners within the zone. SB 142 was modeled after funding mechanisms used by the Santa Clara Valley Transportation Authority to extend BART to San Jose.