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DRAFT Special Assessments Resource Center

-About Special Assessments

A special assessment is an additional tax on a piece of property in the form of real estate taxes. This additional assessment is collected by the local taxing authority and directed to a designated fund to finance projects, improvements or programming for the assessed district.

Special assessment districts are a common development financing tool. Every state provides some form of special assessment district financing. Most states offer more than one option. These tools are known by a variety of names and can be structured in many different ways, but there are two predominant methods.

The first method, Business and Neighborhood Districts, is the assembly of business and neighborhood groups into a district to generate funding for projects and programs. Business and Neighborhood Districts are typically run by property owners in the district. These owners impose self-assessed taxes on themselves in order to generate funds for physical improvements or other amenities.

The second approach, Government Districts, is a directly targeted assessment program organized by the local government. Government Districts come in many shapes and sizes. These districts often provide services that are similar in scope to those provided by Business and Neighborhood Districts. However, in these cases, government entities typically direct the work of these districts.

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-What's New

Recent Updates

Soil Wealth Areas: Place-based Financing for Conservation, Rural Communities & Regen AgMembers only Login
A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for implementing Soil Wealth Areas in each of the regions analyzed and creating a wider Soil Wealth Community for practitioners to share learnings about their experiences with place-based financing.
CDFA Food Systems Finance Best Practices Guidebook
Linking development finance and food systems can be a daunting undertaking for any community. Research on the current ecosystem of food systems finance has positioned CDFA to identify key strategies for the path ahead in this work. The Food Systems Finance Best Practices Guidebook defines how traditional development finance tools can be used to launch and expand food and agricultural-related businesses and projects, and create successful food systems finance programs at the local and regional levels.
CDFA // BNY Mellon Development Finance Webcast Series: Layering the Capital Stack
This webinar discussed how Bonds, Tax Increment Finance, Tax Credits as well as the litany of federal funding through recent legislation can work for your project and ultimately the community that is benefitting.

Upcoming Events

CDFA-Bricker Graydon Webinar Series: Financing Green Energy with PACE and Special Assessments
September 10, 2024
2:00 PM - 4:00 PM Eastern
Communities are reinforcing tax increment financing (TIF) districts with special assessments and combining TIF with tax credits, tax-exempt bonds, subordinate loan programs, and other federal tools to channel funding toward improvements in distressed or underdeveloped areas. During this session, speakers will discuss the creative ways to use TIF and how to facilitate the successful financing of high-impact revitalization projects.
Register
CDFA-Bricker Graydon Webinar Series: Pairing TIFs with Special Assessments to Spur Retail Revitalization
December 3, 2024
2:00 PM - 4:00 PM Eastern
Join this session to learn how municipalities and the development finance industry are supporting efforts to spur economic development through retail with TIF and creatively utilizing special assessments to back them up.
Register
View more Upcoming Events

-Programs Map

Search the map below for Special Assessment District resources by state. This specialized search is part of CDFA's Online Resource Database. Click on a state to see a sample of Special Assessment resources by state. Login with a CDFA Member account at the top of the page to view full results.

-Special Assessments Data & Resources

-Resources

This section provides resources to help better understand and navigate the Special Assessments program.

View More Special Assessments Resources

-Headlines

-Upcoming Events

CDFA-Bricker Graydon Webinar Series: Financing Green Energy with PACE and Special Assessments
September 10, 2024
2:00 PM - 4:00 PM Eastern
Communities are reinforcing tax increment financing (TIF) districts with special assessments and combining TIF with tax credits, tax-exempt bonds, subordinate loan programs, and other federal tools to channel funding toward improvements in distressed or underdeveloped areas. During this session, speakers will discuss the creative ways to use TIF and how to facilitate the successful financing of high-impact revitalization projects.
Register
CDFA-Bricker Graydon Webinar Series: Pairing TIFs with Special Assessments to Spur Retail Revitalization
December 3, 2024
2:00 PM - 4:00 PM Eastern
Join this session to learn how municipalities and the development finance industry are supporting efforts to spur economic development through retail with TIF and creatively utilizing special assessments to back them up.
Register
View more Upcoming Events

-Previous Events

CDFA // BNY Mellon Development Finance Webcast Series: Layering the Capital Stack
This webinar discussed how Bonds, Tax Increment Finance, Tax Credits as well as the litany of federal funding through recent legislation can work for your project and ultimately the community that is benefitting.
Value Capture Strategies: Tax Increment FinancingMembers only Login
This FHWA webinar discusses how Tax Increment Financing (TIF) can be utilized as a value capture strategy for transportation projects. The webinar is intended for professionals from States, cities, counties, Tribes, and metropolitan and rural transportation agencies looking for innovative funding and financial strategies to pay for transportation projects.
CDFA // BNY Mellon Webcast Series: Special Assessment Techniques for Transformative Community ImprovementsMembers only Login
This month’s CDFA // BNY Mellon Development Finance Webcast Series featuring Dr. Laura Wheeler from Georgia State University, Bryant Parker from White Goss, Austin Parker from Fisher, Patterson, Sayler & Smith, and Emily Metzler from MuniCap, Inc. includes a discussion on new and innovative uses for special assessments and how this tool is poised for greater use nationwide.
Georgia Webinar: Utilizing Community Improvement Districts in the Peach StateMembers only Login
Expert panelists explored the prevalence of Community Improvement Districts projects in Georgia and how they are being used to finance revitalization in communities of all sizes during this webinar.
CDFA // BNY Mellon Webcast Series: What's Special About Special Assessment Financing?Members only Login
During this CDFA // BNY Mellon Development Finance Webcast, the diverse nature of special assessment financing is showcased with examples from around the nation.
View More Webcasts

CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor