Click to enlarge

Infographic that displays what the typical property owner in the LID would pay. The median one-time assessment for condo owners would be $1,900. If paying over 20 years, the average annual payment is $95 plus interest. The median one-time assessment for commercial owners would be $5,900. If paying over 20 years, the average annual payment would be $295 plus interest. Only property owners would be subject to the LID. If landlords chose to pass assessment costs on to apartment tenants, the median one-time assessment per apartment unit would be $1,040, or $52 per year plus interest if paying over 20 years. Interest will vary depending on financing costs and current City bond rates. These preliminary assessments are estimates and are subject to change based on review and refinement prior to sending official notices of assessments to property owners.