The Downtown Service District Tax became effective July 1, 1987.
Pursuant to Section 32-102.1 of the Code of the City of Roanoke, an additional tax is levied upon property in the downtown area. This tax, set by City Council, is used to provide special downtown services such as:
Business and developer recruitment
Economic and business development
Planning for the development or revitalization of downtown
Promotional activities intended to foster business retention
Public space, transportation and facility needs
The current tax rate is $0.10 of every $100 of assessed property value, or 0.01%. This tax is assessed in addition to the 1.22% general real estate tax.
The revenue generated from this tax is managed by Downtown Roanoke, Inc. (DRI), a non-profit organization under contract with the City of Roanoke. Like the general real estate tax, the Downtown Service District Tax is due on or before October 5 and April 5 of each year. Taxes collected are remitted to DRI on October 15, April 15 and July 25 of each year.