Nevada Real Estate >> Las Vegas Real Estate Specialist: February 2014

Summerlin Las Vegas Homes for Sale | What is The Summerlin SID?

 

 

  • 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

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Comment balloon 10 commentsRenée Burrows • February 09 2014 03:44PM
Summerlin Las Vegas Homes for Sale | What is The Summerlin SID?
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