What is deferred water and sewer assessment?

A deferred water and sewer assessment is a special assessment, typically levied by a local government or agency, to fund infrastructure improvements related to water and sewer services. Homeowners within a defined assessment district may be required to pay this assessment upfront or opt for a deferred payment plan.

Under a deferred water and sewer assessment program, property owners may have the option to pay for their share of the assessment over time, rather than in one lump sum. The assessment is usually secured as a lien against the property, and annual installments are added to the property tax bill. Interest may be charged on the unpaid balance.

Deferred water and sewer assessments are often used to finance major infrastructure improvements or expansions, such as new water mains, sewer lines, treatment facilities, or water storage tanks. These projects can benefit the entire community by ensuring an adequate supply of clean water and effective wastewater management.

The specific terms and conditions of a deferred water and sewer assessment program can vary depending on the jurisdiction. It is important for homeowners to understand their obligations and options if they are subject to such an assessment. Before making a decision about how to pay, it is advisable to consult with financial or legal experts to assess the impact on their budget and property.