Stagecoach Special Assessments and Tap Fees–What Are They?
If you buy property in Stagecoach, it is possible you will need to pay a Special Assessment. Special assessments are services that benefit a particular subdivision in Stagecoach. They can include paved roads, drainage and sewer lines, water lines, and electricity. And because the improvements are for a special group, the property owners split the cost.
For example, Meadowgreen has paved roads and public utilities to the lot line. The special assessment is for the main utility lines that were installed to bring water, sewer, and electric to your property. The cost is divided over 20 years and can be paid with your property taxes.
Tap fees are what builders pay to get the utilities from your lot line to your house. In Stagecoach, water and sewer are each $4000. They can be pre-paid and must be paid in full before you get a building permit.
Only a few subdivisions in Stagecoach have paved roads and utilities. As Stagecoach continues to grow, expect other subdivisions to have special assessments. These can be initiated by the property owners who will benefit or the county can have an election to set up a special improvement district. Either way, the special assessments add value to the property and make it a more comfortable place to live.