An assessment levied against property by a local jurisdiction when property receives a special benefit which differs significantly from the benefit that the public at large receives.
Legal charge against real estate by a public authority to pay the cost of public improvement, as distinguished from taxes levied for the general support of government. Back to the Top
Tax levied against those properties that benefit from a public improvement to cover the cost of the improvement.
Special Assessment District
A claim against a property which arises when a major improvement is made by the local/state government. For example, a sewer line, street paving or street lighting. The total cost is distributed among the benefited properties. Failure to pay any installment of a special assessment may result in foreclosure by the political entity which is responsible for the assessment.
A charge against real estate made by a unit of government to cover the proportional cost of an improvement, such as a street or sewer.
Charges against real estate for public improvements, such as sewer and water.
A levy by a local government against real property for part of the cost of making an improvement to the property, such as street paving, installing water lines, or putting in sidewalks.
Lien assessed against real property by a public authority to pay costs for improvements (sidewalks, sewers, streetlights, etc), which directly benefits the assessed property.
an additional tax levied on private property for public improvements that enhance the value of the property
a charge imposed on benefited property in proportion to the benefit received by the property to defray the cost of a special district improvement or service or a special municipal improvement or service
a charge levied on properties within a certain district to defray part or all of the cost of providing a certain service or improvement, such as street lighting, garbage collection, or fire/rescue
a charge on a tax bill for a service or benefit provided directly to a property
a fee collected by the City for improvements or services the City provides that benefit a property owner
a tax levied on a piece of property to pay for improvements that benefit the particular property, such as streets, sidewalks, and street lighting
A charge by a public authority against Real Estate to pay the cost of public works such as street lighting and improvements.
a fee charged to a specific group of properties to defray part or all of the cost of a specific service or improvement which primarily benefits those properties, such as street lighting or emergency medical services.
If the reserve fund cannot cover an urgent repair, then the board may levy a special assessment to cover the expense. An example may be a common roof that needs replacing.
An assessment charged against a property to pay for a city or public improvement.
A fee charged to property owners who will benefit from the proposed improvements funded by the fee.
This fee is to defray expenses related to major repairs and refurbishing of resort equipment, facilities, and units. Back to the top
Legal charge against real estate by a public authority to pay cost of public improvements. (Examples: Sidewalks, streetlights, etc.)
A fee, over and above the annual maintenance fee, assessed by the resort pro rata to interval owners. This fee, when assessed, is intended to defray expenses related to major repairs and refurbishing of resort equipment, facilities, and units.
special tax imposed on property for road construction, sidewalks, sewers, street lights, or other municipal needs.
Legal charge against real estate by a public authority to pay cost of public improvements such as: street lights, sidewalks, street improvements, etc.
An amount of money levied upon owners in a homeowners' association for the purpose of public improvements.
Charge made by a local government for the cost of an improvement or service. It is usually levied on those who will benefit from the service.
A special tax imposed on property for special municipal needs such as sewage.
A charge imposed against a property in a particular locality because that property receives a special benefit by virtue of some public improvement, separate and apart from the general benefit accruing to the public at large. Special assessments may be apportioned according to the value of the benefit received, rather than the cost of the improvement. Compare: TAX. See: BENEFITED PROPERTIES.
A tax for a specific purpose such as providing paved streets or new sewers. People whose properties abut the improved streets or tie into the new sewer system must pay the tax. Condominium owners may also be assessed for major repairs done in common areas of their building.
An assessment that is not customarily levied and which is made against only those specific parcels of property directly benefiting therefrom.
A tax added onto a piece of property to cover costs for road construction, sewers, sidewalks, etc.
A no/yes field to indicate if there is a special assessment.
Additional tax imposed by the local government for public improvements such as new streets, etc..
The levying of an additional tax on a property for a specific purpose (i.e. to apportion the cost of infrastructure upgrades among area land owners).
Any special charge levied against real property for public improvements (e.g., sidewalks, streets, water and sewer, etc.) that benefit the assessed property.
A compulsory levy made against certain properties to defray part or all of the cost of a specific improvement or service deemed to primarily benefit those properties.
An additional charge levied by a condo or co-op board in order to pay for capital improvements, or other unforeseen expenses.
In addition to a yearly maintenance fee, sometimes this additional charge is billed to timeshare owners from a management company. This charge is intended to cover expenses related to major repairs and refurbishment endeavors.
Court approval of a special assessment for public improvement instituted by a local government that benefits affected property owners (e.g., alley improvements).
When a homeowners' association needs or wants extra funds, it levies a special assessment upon the owners.
A charge laid against real estate by public authority to defray the cost of making public improvements from which the real estate benefits.
An assessment made against a property to pay for a improvements to a property.
A fee, separate from the maintenance fee, assessed by the resort to the owners. This fee is, when assessed, is intended to defray expenses related to major repairs and refurbishing of resort equipment, facilities, and units. An example would be a special assessment of $300 to all owners to install elevators at a resort.
An additional fee over the yearly maintenance fee levied for special circumstances such as a major timeshare resort refurbishment.
A special tax imposed on property, individual lots or all property in the neighborhood to pay for improvements - street lights, sidewalks, etc.
An assessment against real estate levied by a public authority to pay for public improvements, e.g., sidewalks, street improvements, sewers; an amount levied against individual owners in a condominium or cooperative to cover their proportionate shares of a common expense.
A legal charge against real estate by a public authority to pay the cost of a public improvement, such as street lighting.
A charge imposed against property in a particular locality because that property receives a special benefit by virtue of some public improvement, separate and apart from the general benefit accruing to the public at large. Special assessments must be apportioned according to the value of the benefit received, rather than the cost of the improvement, and may not exceed the value of such benefit or the cost of the improvement, whichever is less.
A tax or levy customarily imposed against only those specific parcels of real estate that will benefit from a proposed public improvement like a street or sewer.
A charge levied upon owners in a homeowners' association for the purpose of public improvements.
A tax or levy customarily imposed against only those specific parcels of realty which will benefit from a proposed public improvement, as opposed to a general tax on the entire community.
A fee levied by a government or homeowners association to pay for improvements, repairs or other special needs.
An additional tax on property to pay for improvements in the community.
Charged levied against property owners to finance an improvement made by the local government benefiting the homeowners and commercial businesses.
An additional tax imposed by the government against specific parcels of real estate that will benefit from a public improvement, such as a street
A charge against real property by a public authority to pay the cost of public improvements.
An assessment which is not customarily levied and which is made against those specific parcels of property directly benefiting there from.
A special real estate tax levied by a public authority to pay for public improvements (sidewalks, street improvements, sewers, etc.)