Assessment payoff information

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. 

To avoid all interest, pay off the principal on full assessment amount by July 1, 2025. Beginning July 2, 2025, interest will accrue on the principal amount associated with $80 million borrowing. In Summer 2026, interest will begin to accrue on the principal amount associated with the second borrowing on the remaining project costs.

​To view more FAQs, visit the Special Assessment Prepayments page. 

Date	Activity
Week of May 5	Prepayment letter enters mail system to property owners
May 9	Special Assessment District maps updated Changes will incorporate updates to land ownership over the past year
~June 3	Bond issuance
July 1	Prepayment due to county
July 2	Interest begins to accrue on first bond issuance
December 2025	First Capital Assessment appears on winter tax bill - principal and interest on first series bond and principal only on second series bond 25-29 O&M Assessment appears on winter tax bill
December 2026	Second Capital Assessment appears on winter tax bill - principal and interest on first series bond and second series bond 25-29 O&M Assessment appears on winter tax bill