Local Improvement District (LID) assessment payments are billed on an annual basis. A LID is formed for improvements to streets, sidewalks, or water and sewer utilities in a specific area. The majority of the property owners in that area must support the proposed improvement.
How the Assessment Works
The cost is financed by the city and billed to the property owners over a 10 to 15 year period (10 years for street improvements and 15 years for utility-related improvements). If an assessment is over 2 years in arrears (delinquent), the city is required by law to begin foreclosure procedures.