Question

Which statement BEST describes special assessment liens?

A) They are imposed on properties to cover the cost of specific public improvements.
B) They are fines for property owners who violate community rules.
C) They are fees collected by homeowners' associations for general maintenance.
D) They are taxes imposed on all properties within a municipality.

Answer 1

Special assessment liens are charges on properties specifically to fund public improvements that benefit those properties.

Step-by-step explanation:

The statement that BEST describes special assessment liens is: A) They are imposed on properties to cover the cost of specific public improvements. These liens are a type of local tax levied by municipalities on property owners to fund projects that directly benefit their property, such as street repairs or infrastructure improvements. Unlike general property taxes which are based on the value of real estate and collect funds for a wide range of community services, special assessment liens are targeted to specific improvements from which the affected property owners are deemed to benefit.