Special projects municipal bond that is repaid through taxes on the services/benefits of that special project. For example, if a city builds a community center in a certain neighborhood, individuals living in the area that benefit from the community center may see an increase in the amount of property taxes they pay. The additional tax funds would then be used to pay back bond.
Related information about special assessment bond:
- Special Assessment Bond Definition | Investopedia
A special type of municipal bond used to fund a development project. Interest owed to lenders is paid by taxes levied on the community benefiting from the ...
- Special Assessment Bond - Financial Dictionary - The Free Dictionary
Special assessment bond. A municipal bond with interest paid by the taxes of the community benefiting from the bond-funded project. Special Assessment Bond ...
- Special Assessment Bond: Definition from Answers.com
municipal bond that is repaid from taxes imposed on those who benefit directly from the neighborhoodoriented public works project funded by the bond; also.
- An Overview of Special Assessment Bond Authority in North Carolina
An Overview of Special Assessment Bond Authority in North Carolina. 3. Likewise, the traditional special assessment method, authorized by G.S. Ch. 160A, Art.
- What is special assessment bond? definition and meaning
Definition of special assessment bond: Special projects municipal bond that is repaid through taxes on the services/benefits of that special project. For example ...
- Special Assessment Bond Financing - National Association of Home ...
the country are increasingly turning to special assessment bond financing. ... First , special assessment bond financing is nonrecourse to the developer, which ...
- Special Assessment Bonds: Cautionary Tales
Remember that a special assessment bond is done in your name and is ultimately your financing. Make sure you run the show. ▫ The devil is in the details– pay ...
- RCW 85.38.240: Special assessment bonds — Issuance — Terms.
The maximum term of any special assessment bond issued by a special district shall be twenty years. The maximum term of any special assessment note issued ...