Re: ot:Paved Road? Increase home value?

Posted by John (C-IL) on February 14, 2006 at 18:44:50 from (64.12.116.74):

In Reply to: Re: ot:Paved Road? Increase home value? posted by Steve_ne on February 14, 2006 at 15:34:16:

So what is your share of the bill? $13,000 for the whole 2.5 miles would be the bargain of the century!

Local township was quoted $500,000 to upgrade 1/2 mile here. The whole township budget for several years isn't $500,000.

Quite often these special assessments go with the sale of the property, and will not be a cloud on the title of the property. They are assessed with the property tax and are actually a loan from the county's motor fuel tax fund that is used for road projects.

If your share of the cost is your frontage as a percentage and the bill for the whole project is $13,000 you will definately have an increase in your property value.

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