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special assessment district

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special assessment district

A specifically defined geographical area of property owners who have requested some public improvement and agreed to pay for that improvement through pro rata charges levied against owners within the district.



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This form of finance, which includes tax increment financing districts and special assessment district financing, represents the fastest-growing area of development finance.
If the special assessment district is approved by a simple majority of voters, the Santa Clarita City Council would schedule a special meeting to declare the results.
Martin also held responsibility for the District's sale of an important parcel of land on Pennsylvania Avenue for the new headquarters of The Freedom Forum/ Newseum and for the establishment of a special assessment district used to help finance the new $80 million metro station at New York Avenue, NW.
 
 
 
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