Special assessment, street paving

Question 1

What is a special assessment?

Answer 1

A one-time tax on improvements such as sidewalks, street paving, and so forth

Special assessments are typically levied by local governments to fund specific projects that benefit the property owners in a defined area.

Question 2

A special assessment is a specific lien because the lien ___

Answer 2

Attaches to a specific property and not all assets of the owner

This means that the lien is enforceable only against the designated property, not the owner’s other assets.

Question 3

What is the priority of a specific superior lien?

Answer 3

Takes priority over all other liens (except for property tax liens)

This indicates that in the event of a foreclosure, a specific superior lien must be paid before other liens.

Question 4

Street paving assessment is calculated on a ___ ____ basis.

Answer 4

front foot

This method measures the length of the property frontage along the street to determine the assessment amount.