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What is the difference between a tax and an assessment? Which will the BID be?

April 26, 2017assessment bid tax

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What is the difference between a tax and an assessment? Which will the BID be?

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The BID is not a tax. A tax is imposed by the government and the proceeds are used for a multiplicity of purposes City, State or Nation wide. The BID is an assessment used only on specific services in specific areas benefiting those who pay the assessment.