special assessments

Special assessments are charges imposed by a local government or homeowners' association on property owners to fund specific improvements or services that benefit those properties directly. These may include projects like road repairs, street lighting, sewer upgrades, or landscape enhancements. The cost is usually divided among affected property owners based on factors like property size or value. Special assessments are separate from regular taxes and are typically payable in installments or a lump sum. They help ensure that those who benefit from the improvements contribute fairly to the expenses.