Capital Assessment Annual Breakdown

The annual payment for the Capital Assessment will not be the same dollar amount year after year. 
Year one will be lower because the full capital assessment amount ($217.7 million) is being paid off in equal 40-year payments, but the first year interest is on only what has been borrowed ($80 million). Please watch a recording of our most recent webinar where we explain this in more detail. 
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Each year, homeowners will experience a slight change in the annual amount due to the equal capital assessment payments, which remain the same year-to-year, but the interest amount will decrease as the assessment balance is reduced. This leads to the highest annual payment in year two and the lowest annual payment in year 40.

Property owners will receive a letter in the mail in July that will include your 2025 Capital Assessment amount with interest. We will also update the SAD map at that time with the 2025 assessment numbers.