Special assessment definition

Special assessment means an assessment against real property calculated on a benefit or ad valorem basis for curb and gutter, sidewalk, sewer, water, or street paving; a drain; a connection fee or similar charge for a sewer or water system; or the land contract on a parcel of property acquired under the circumstances set forth in section 3(2). Special assessment does not include charges for current service.

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Special assessment means the money obligation created pursuant to this Agreement with respect to the Special Assessment Parcel used to defray the cost of the Improvements and which shall, together with all interest, charges and penalties which may accrue thereon, be a lien upon the Special Assessment Parcel of the same priority and status as other property tax liens and other assessment liens as provided in the PACE Statute until such amounts have been paid in full.

Special assessment means any assessment levied against a unit owner other than the assessment required by a budget adopted annually.

Examples of Special assessment in a sentence

• The fine shall be a Special Assessment and enforceable pursuant to the provisions of this Declaration.

• All expenses incurred in connection with the violation or breach, or the commencement of any action, including reasonable attorneys’ (and paralegals’) fees and costs at all levels including appeals, bankruptcy and collections, shall be assessed against the Owner, as a Special Assessment or otherwise, and shall be immediately due and payable without further notice.

• Ten percent (10%) of the amounts certified by the Developer’s engineer shall be retained as security until: (1) all Improvements have been completed, (2) iron monuments for lot corners of the Property have been installed, (3) all financial obligations to the City satisfied, (4) all special assessment have been paid as required by the Public Improvement and Special Assessment and (4) the required “record” plans have been received by the City.

• Fines must be in such reasonable and uniform amounts as the Association determines and shall be assessed against the Owner as a Special Assessment.

• If any services provided by the system are provided only to some, but not all, of the Lots, then the cost of any such services shall be an expense for the benefit of the respective Lot to be assessed as a Special Assessment, or a direct charge by the provider, as the case may be.

More Definitions of Special assessment

Special assessment means an assessment levied against property to pay all or a portion of the costs of making improvements that benefit the property.

Special assessment means an assessment upon the lands or

Special assessment means any special assessment levied against the Property by the City under §66.0701-0733, Wis. Stats., the City Code of Ordinances and this Agreement.

Special assessment means any Assessment made under the authority of this Declaration other than a Regular Assessment and a Neighborhood Assessment. Special Assessments may include, but shall not necessarily be limited to, amounts reasonably necessary to supplement Regular Assessments and Neighborhood Assessments, the cost of bringing a particular Owner or Lot into compliance with this Declaration, the Articles, By-Laws or rules and regulations, including any standards, specifications, guidelines, or the like, made pursuant thereto, costs of acquiring, maintaining, operating, repairing or replacing Common Property, or the cost of any service, material or combination thereof obtained by the Association for the use and benefit of such Owner or his Lot as provided herein.

Special assessment means the money obligation created pursuant to this Agreement, used to defray the cost of the Improvements and which shall, until paid, be a lien upon the Special Assessment Parcel (as defined below) of the same priority and status as other property tax liens and other assessment liens as provided in Act 270.

Special assessment means an unpaid special assessment certified pursuant to chapter 384, division IV. The claimant may include as a portion of the taxes due during the fiscal year next following the base year an amount equal to the unpaid special assessment installment due, plus interest, during the fiscal year next following the base year.

Special assessment means an amount of money that a condominium trust/homeowner’s association (HOA) needs in order to pay for a project or outstanding debt that was not part of the annual budget/assessment. The trustees of the condominium/HOA levy the special assessment against all unit owners and require them to pay their fractional interest of the money being requested. The payment of the special assessment is divided by each unit owner’s interest in the common area. The amount may be requested immediately from each unit owner or may be broken into installments depending on how the trustees have decided to handle it.