Special Assessments: Risk or Reward?
Prior to the economic downturn, townships relied heavily on special assessment districts to fund infrastructure like sewer and water. Some of those decisions proved costly as developers walked away form heavily assessed properties. Dig into the Public Improvements Act, Public Act 188 of 1954, and the risk to townships in specially assessing properties. Learn ways to manage that risk both before and after establishing a special assessment district. Get an overview of recent challenges to special assessments at the Michigan Tax Tribunal.