The assessment roll is final, and property owners have the option to prepay all or a portion of their total Capital Assessment to avoid/reduce interest charges by July 1, 2025. Property owners are not required to prepay their special assessment and may instead make annual payments, including interest.
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Property owners will receive a letter in the mail in the coming week regarding prepayment. You can also visit the prepayment webpage.

​In case you missed the public information webinar on 4/23/25, we wanted to share some key takeaways.

The online Special Assessment District map was recently updated to be consistent with current tax records provide by the counties this month. Changes to the map were made to property owner names to reflect changes in ownership and parcels were adjusted for splits and combinations. The Four Lakes SAD assessment apportionment percentage was approved by Gladwin and Midland counties, DID NOT CHANGE. Combination requests submitted to the townships before February 5, 2024 are now treated as one property. 

Going forward (post-February 5, 2024) if two or more properties are combined, the total apportionment of the two properties will be applied to the remaining properties. If a property is split, its apportionment will be spread to the other properties. It is a "zero-sum" exercise; the total apportionment in a combination or split stays the same. 

The assessment roll is final, and you may pay off the full principal or a portion of the principal at any time to reduce future assessment payments. Property owners are not required to prepay their special assessment and may make annual payments, including interest.