Special Assessments
The City of Manhattan finances public improvement projects such as infrastructure for housing developments and general street improvements. Financing is obtained through the issuance of general obligation bonds that are exempt from Federal and State taxes and therefore, offer lower interest rates than private financing. These lower rates result in lower costs for improvement projects for the City and also lower housing costs for new home purchasers.
Financing costs are then passed on to the citizen in the form of special assessment fees. The assessment fee consists of principal and interest and is usually paid over 20 years. For more detailed information about special assessments please reference the related documents.
If you have any questions about special assessments you may contact Rina Neal, Operations Officer in the Finance Department by phone at 785-587-2417 or by e-mail.
Special Assessments Process Explained
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