Quote:
Originally Posted by Bill14564
Are you suggesting that the manner in which the infrastructure is financed does not factor into the assessor's determinations
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I am stating that this is accurate. How infrastructure is financed is not the province of the assessor. Just as city debt, often bond sales, doesn’t influence the assessment. Nor state or federal debt.
I consider the parcel specific bond debt, within a specific unit of apportioned development debt, to be just one of a number of ways a developer finances the improvements. Guided by state law, the use of debt before or after development is common, going by different names in different states. It is my experience that the sales price of the thousands of lots I’ve developed were not impacted by the development debt. National homebuilders paid the same.