Board members reviewed appraisal-district totals for the downtown district and discussed how property-class codes determine which accounts will appear on the BID tax roll.

Michael Arburn and board members noted that the firm had received the district’s certified rolls for 2025 and that some accounts remain under protest or appraisal review. “You still have 11 accounts under review,” Arburn said, referring to roughly $1.8 million in value he identified on the draft listing. He said the certified (not-under-review) commercial, class F1, base for the district listed about $150.8 million in value.

The board discussed classification rules that affect whether small multifamily homes are treated as residential or commercial for assessment. Board members and Arburn said properties of four units or fewer are treated as residential under the state class codes discussed; once a structure hits five units it is typically treated as commercial for the purposes the presenter described. “Once it hits 4 units, then it becomes a commercial property,” Arburn said, and later clarified the common local practice that small multifamily is often coded as residential.

Arburn provided an illustrative example, saying, “If you just use that $150,800,000, the first-year levy would be $301,007.17,” phrasing the figure as an illustrative estimate tied to the draft certified base and the district’s service plan rate. He cautioned that the figure can change if the accounts under review are adjusted by the appraisal review board.

Board members asked about accounts that had settled after prior reviews; Arburn said adjustments from settlements would be reflected once the appraisal review board process is complete and that he would bring a copy of the report with examples to the next meeting.

No formal action was taken on values or classifications at the July 29 meeting; discussion centered on verifying the certified base and understanding how outstanding protests might affect next year’s levy.