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Special Assessment |
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A real property tax proportionately levied on homeowners and landowners to cover the costs of improvements that will be for the benefit of all upon whom it is imposed. For example, a special assessment might be made to pay for sidewalks or sewer connections. |
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? References in periodicals archive |
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``This bill protects homeowners, who dutifully keep up with all special assessment payments, from having their water and power turned off and their homes rendered uninhabitable,'' said McClintock spokeswoman Jennifer Cressy. With financing as an alternative, some 500,000 New York condominium owners can avoid the financial burden of paying a special assessment which nationally has ranged up to $3,000 per unit owner in a single year. 30, 1996 imposes a special assessment on Savings Association Insurance Fund (SAIF)-insured deposits of financial institutions as of Mar. |
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Special Assessment