- 1. What is a Summerlin SID? Frequently Asked Questions www.SummerlinHomes411.info 702-966-2494
- 2. Why Are SIDs Created? Fund public improvements such as: Roads Curbs Sidewalks Parks Installment payments are used to repay the principal & interest on the bonds issued to finance the cost of the public improvements www.SummerlinHomes411.info 702-966-2494
- 3. Who is responsible for repayment? These assessments are liens on the property similar to property tax and will be paid by homeowners. www.SummerlinHomes411.info 702-966-2494
- 4. What Happens When I Sell My Home? The remaining assessment due on your property is transferred to the new owner at the time of sale. www.SummerlinHomes411.info 702-966-2494
- 5. How Will The Assessments Be Billed? On a semi-annual basis A prepayment penalty may exist for prepaying the assessment. Late penalty for assessments not received by due date. Foreclosure proceedings may start for failure to pay the assessments www.SummerlinHomes411.info 702-966-2494
- 6. How are Public Facilities Handled? Public areas and public facilities such as parks, schools and roads are nonassessable. www.SummerlinHomes411.info 702-966-2494
- 7. Is The Assessment Limited to the Property I Own? Yes, under Nevada law, the assessment levied on any property owner’s tax parcel is limited to that individual piece of property. As a property owner, you will never be liable for any other owner’s inability to pay their assessments. www.SummerlinHomes411.info 702-966-2494
- 8. Further Info on SIDs in NV Assessment Management Group Inc: 702-796-0082 http://amgnv.com/ www.SummerlinHomes411.info 702-966-2494
- 9. Do You Have Summerlin Real Estate Needs? We can help! New Construction Listing Your Home Buying a Home Renting a Home SummerlinHomes411.info 702-966-2494 www.SummerlinHomes411.info 702-966-2494
