WASHINGTON, D.C., Feb 09, 2021 (SEND2PRESS NEWSWIRE) Square and Lot, an innovative owner and developer of premium-quality, mixed-use properties in the Washington-metropolitan area, brings an inventive co-living option to Capitol Hill.
In January of 2020, Square and Lot broke ground on the construction of Viva, a 47-room co-living apartment building in Capitol Hill that encompasses 19,000 square feet. Then something happened: two months into construction, COVID arrived and disrupted how individuals live their daily lives. The outlook on co-living quickly evolved and so did Square and Lot. One of their key principles is remaining both malleable and creative to be able to strategically adjust to market conditions and fluctuations. The demand to adapt housing to the shifting world was imminent.
Rates and Taxes
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The Rates Policy guides the City in all aspects of levying rates on property owners. It also defines the different categories of property, as well as specifies the categories of property ownership that may qualify for rates rebates and exemptions under the MPRA.
Municipalities are expected to be self-funding and municipal revenue is raised from three main sources: electricity and water provision, and property rates.
This income is used to pay for a wide range of public services, from the maintenance of roads and traffic control, to providing public parks, libraries, clinics, recreation centres and other similar services for the public.