Frequently Asked Questions About CIDs
A CID is a geographically defined district in which commercial property owners vote to impose a self-tax. This is set as a portion of the property tax and the millage rate is set by the commercial property owners. The proposed amount is 5 mils.
To form a CID, a simple majority of area property owners representing at least 75% of the assessed property value of the area sign an Agreement to form a CID. Funds are collected by the Gwinnett County Tax Commissioner and disbursed to the board of directors elected by the property owners. The CID has full authority over the use of these funds. The CID will also be eligible of additional funds that have been set aside for Community Improvement projects.
- Public transportation
- Street and road construction and maintenance
- Parks and recreational areas and facilities
- Storm water and sewage
- Parking, terminal and dock facilities
A simple majority of the commercial property owners, representing at least 75% of the value of the commercial property in the proposed district, must voluntarily sign an Agreement to form the CID.
The commercial property owners will elect their own board. This board will set the millage rate that will be collected to use as leverage capital. The proposed amount is 5 mils. These funds will be collected as part the property tax bill and disbursed to the CID board. The board will have full authority over the use of these funds. The CID will also be eligible of additional funds that have been set aside for Community Improvement projects.
The power of the CID is primarily two-fold. The CID funds are used as seed money to leverage much higher returns in local, state and federal funds, based on the projects and plans prepared by the CID. A single voice of one property owner has limited influence, but the combined voice of the CID has a much greater ability to directly influence action.