Special Assessment

A charge imposed against properties in a designated district in respect of special benefits received by those properties from the construction of nearby or adjacent public improvements, separate and apart from the general benefit accruing to the public at large.  State statutes provide for the apportionment of Special Assessments according to the value of the benefit received.  Special Assessments are not Taxes

See Also

Special Tax Bond

Tax-based revenue bonds that are secured by revenues derived from one or more designated taxes levied for a specific purpose, including income taxes, excise taxes (such as taxes on tobacco, alcoholic beverages, fuel, etc.), special assessments, hotel occupancy taxes, sales taxes and limited ad valorem taxes.

Hudson Yards Rail Yards

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Term of the Week


A meeting of all the parties prior to the closing, often held the day before the closing.