For Special Assessment we have terms and definitions in 6 topics. The topics are Accounting, Accounting Terms, Home Purchasing, Real Estate, Sanitation and Timeshare.

Special Assessment (Accounting)

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.

Special Assessment (Accounting Terms)

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.

Special Assessment (Home Purchasing)

Charges for projects such as street lighting, paving, and sewer work that must be settled at closing.

Special Assessment (Real Estate)

Lien assessed against real property by a public authority to pay the cost of pubic improvements (sidewalks, water pipes, sewers, streetlights, and etc.) which directly benefit the assessed property.

Special Assessment (Sanitation)

A direct tax levy assessed against property to pay for improvements which ordinarily are a direct benefit to the property itself.

Special Assessment (Timeshare)

A fee over and above the annual maintenance fee assessed by the resort pro rata to interval owners. This fee is, when assessed, is intended to defray expenses related to major repairs and refurbishing of resort equipment, facilities, and units.

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