How much will a property owner potentially have to pay?

If an assessment district option is selected, each property owner pays a share of the cost of improvements over a period of years through their property tax bill. Assessment districts are property owner funded; homeowners and rental property owners directly benefit from the proposed maintenance or upgrade from the improvements. The costs per owner will depend upon the capital cost for the improvement, the size of the district, and in some cases, the size of a particular property. Since a number of affected neighborhoods would be included in an assessment district to handle the four most problematic Regulated Outputs (RO), fixed costs could be spread over more property owners which will result in lower costs per assessment.

Bond

An assessment district is typically financed with a bond. For example, if a 15-year bond is selected, the annual assessment per property owner could range between $75 to $150 per year depending on the size of the district, the size of the property, and the degree of City financial contribution. The assessment would sunset when the bond or debt is paid off.

Accrual & Final Costs

The City will hire a licensed engineer to determine the accrual and final costs as required by law to determine the exact cost of the assessment per property owner, if and when property owners elect to pursue assessment district financing.

Show All Answers

1. What areas are most affected by street light outages?
2. How long has this been a problem?
3. Is the City turning off the street lights to save money?
4. What are the side effects of street light outages?
5. How frequently do street lights fail?
6. How long do the street lights stay off?
7. How does street light outages impact residents?
8. Why would street light outages impact businesses?
9. Why can't Daly City or PG&E resolve this problem?
10. I pay my taxes, why can't the City fully fund street light replacements?
11. What are the options to repair the street lights?
12. What is an assessment district?
13. How much will a street light conversion cost?
14. How much will a property owner potentially have to pay?
15. How are funds collected?
16. Where can I find more information about assessment districts?
17. What causes the street light outages?
18. Why are street lights so difficult to repair?
19. What are the possible solutions to the street light outages?
20. Where are regular street light outages happening?