special assessment


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special assessment

A compulsory charge imposed by a government upon the owners of a restricted group of properties to defray the cost of a specific improvement or service, presumably of general benefit to the public and of special benefit to the owners of such properties.
References in periodicals archive ?
section] 9-45-15 in Hubbard, but the statute seems to suggest that if a municipality changes the grade of a street such that permanent fixtures like curb and gutter need to be replaced solely to conform to the elevation change, the municipality is liable for damages to the adjacent property and that a special assessment to cover those damages would be unlawful.
The FDIC adopted an "interim rule with request for comment" on February 27, 2009 (37) which imposed a special assessment of twenty basis points on insured institutions' deposits and was to be collected by the end of the third quarter.
The typical objective of an appraiser involved in a special assessment assignment is to allocate the costs of the public improvement project to each of the affected property owners in direct proportion to the benefits generated by the project.
Congress avoided this controversy by providing that the special assessment is included as a deduction under Sec.
2002), the high court concluded that EMS provided by a city did not confer a special benefit to real property, and, therefore, the special assessment for those services was an invalid ad valorem tax clothed as a special assessment.
The first category consists of special assessment districts.
There are unique benefits and limitations associated with the levy of a special assessment as compared to a tax or a user fee, the other major revenue sources in a local government's tool box.
The developer agreed that, without the burden of the special assessment payments for the first two years of the project, it could increase the pace of development.
The special assessment district and the neighborhood zoning district are both, fundamentally, efforts to import into the city the most attractive features of suburban governance by devolving power to the smaller scale of the neighborhood, homogenizing the voting public through the restriction of the franchise to landowners, and insulating the group's power from the politicking and vote-trading prevalent at the citywide level.
More recently, ALJs Michael Zielinki and Richard Manning have issued orders to release special assessment forms.
To resolve the SAIF's problems, Hawke proposed that "institutions with SAIF-insured deposits could pay a special assessment at a rate sufficient to increase the SAIF's reserves to $1.
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