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| SPONSOR: | Lyons | DATE TYPED: | 02/15/01 | HB | |||
| SHORT TITLE: | Equitable Assessment Alternatives | SB | 575 | ||||
| ANALYST: | Dotson | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
|
NFI |
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(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to HB 708
SOURCES OF INFORMATION
Department of Environment
SUMMARY
Synopsis of Bill
SB 575 amends legislation related to Special Assessment Districts (SAD) which are created to provide authority for assessment of some portion or all costs of street maintenance to owners of land tracts within the district. The amendment clarifies the basis on which assessments are made to beneficiaries of street maintenance within the district by a county government.
FISCAL IMPLICATIONS
The basis of the assessment will be the percentage of each tract's assessed value compared to the assessed value of the whole district.
OTHER SUBSTANTIVE ISSUES
According to the Environment Department, assessments by counties for street maintenance will continue to be made on the basis of feet of property abutting streets within the SAD.
The outcome is that each property owner is charged by percentage of his assessed value when compared to the whole, for maintenance of all streets within the SAD.
PD/sb/njw