https://www.transitwiki.org/TransitWiki/index.php?title=Transit_benefit_assessment_district&feed=atom&action=historyTransit benefit assessment district - Revision history2024-03-29T14:52:12ZRevision history for this page on the wikiMediaWiki 1.35.1https://www.transitwiki.org/TransitWiki/index.php?title=Transit_benefit_assessment_district&diff=4561&oldid=prevJordanfraade: Created page with "<br> {| cellspacing="0" align="center" cellpadding="0" style="width: 60%; background-color: White; border: 1px solid #8a8; text-align: center; -moz-border-radius:8px; " | styl..."2018-01-18T05:04:50Z<p>Created page with "<br> {| cellspacing="0" align="center" cellpadding="0" style="width: 60%; background-color: White; border: 1px solid #8a8; text-align: center; -moz-border-radius:8px; " | styl..."</p>
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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.</div>Jordanfraade