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Friday, April 14, 2006

Assessment

A tax to pay for repairs and improvements in the neighborhood

Some counties charge home owners an assessment tax for fixing the sewer, street lighting and sidewalks. In many cases, the assessment tax only applies to properties on certain streets or areas within a county. Condominium owners also pay a special assessment for major improvements like repainting the exterior or replacing the roof, which is calculated as part of their Home Owners' Association dues.

See: Homeowners' Association dues
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