betterment

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betterment

Property law an improvement effected on real property that enhances the value of the property
References in periodicals archive ?
The betterment divides the water infrastructure debt among all the abutters.
Water-Sewer Commissioner Joseph Haebler said the town is assessing 50 percent of betterment now with the balance due at a later, undermined date.
The betterment fees levied on rate payers 10 years ago were based on 90 percent of the final construction costs, as estimated 10 years ago.
Residents who paid the betterment in full can expect a refund.
Homeowners who live on private streets that are made public can spread out that betterment assessment over 20 years, at 5 percent interest.
The final betterment assessment will be between $12,000 and $13,000 per unit.
There are still a few costs that have not been added to the final total, hence the delay in the issuance of a final betterment assessment.
They have been calculating final betterment costs to residents who live along newly installed sewer lines.
Properties, no matter how large, with only one house on them, will be assessed one betterment, according to town officials.
Selectmen heard from the local business owner questioning a sewer betterment assessment of $108,000 to connect his carwash to the sewer system.
Debt service on the loans for the rest of the project will be approximately $152,000 per year, which would be recouped by the town in betterment assessments on the property.
According to state law, you cannot assess a betterment beyond the value of the improvement to a property," said Sewer Commission Chairman William J.