Series 7: 3.2.3.1.2 Special Assessment Bonds

Taken from our Series 7 Top-off Online Guide

3.2.3.1.2 Special Assessment Bonds

Special assessment bonds are backed by ad valorem (property) taxes assessed only on those who directly benefit from the facilities. Bonds for the repair of sidewalks and streets may be paid for via a special assessment on property owners in the neighborhoods that will benefit from the project.

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