What does ELID mean in UNCLASSIFIED
An Evergreen Local Improvement District (LID) is a financing tool for public improvement projects. It allows property owners to fund the construction of capital improvements within their district via the assessment and collection of local taxes. When all of the costs of the project are paid, the LID will dissolve.
ELID meaning in Unclassified in Miscellaneous
ELID mostly used in an acronym Unclassified in Category Miscellaneous that means Evergreen Local Improvement District
Shorthand: ELID,
Full Form: Evergreen Local Improvement District
For more information of "Evergreen Local Improvement District", see the section below.
Essential Questions and Answers on Evergreen Local Improvement District in "MISCELLANEOUS»UNFILED"
What is an Evergreen Local Improvement District?
What kind of projects are eligible for funding in an Evergreen LID?
Projects that qualify for funding through an Evergreen LID include streets, sidewalks, water-systems, sewers, storm-water management systems and community parks.
How are special assessments determined in an Evergreen Local Improvement District?
Special assessments for an Evergreen LID are based on the estimated benefit each property owner in the district would receive from the improvement project. The amount assessed to each parcel depends on factors such as its size, type and location.
Who pays real estate taxes within an Evergreen Local Improvement District?
All properties located within an Evergreen Local Improvement District must pay real estate taxes according to Washington State law. However, they may also be assessed a special assessment related to any publicly funded improvement project in their district.
Can I decline participation in an Evergreen Local Improvement District proposal?
Yes, you may choose not to participate in a proposed local improvement district or you may opt out after it has been established. In either case, you will still be required to pay real estate taxes but will not be assessed any additional funds for participating projects.
Does creating a new Local Improvement District require voter approval?
Yes; proposing a new Evergreen Local Improvement District requires voter approval before it can become officially established by a county or city government. Once approved by voters, it can then be authorized by local government officials and begin collecting special assessments from property owners participating in proposed projects within its boundaries.
How long do I have to pay my assessment once I am assigned one?
Property owners should expect to receive their assessment statements shortly after approval by local government officials authorizing the new Evergreen Local Improvement District (LID). The payment period typically ranges between 12-24 months once issued with interest accruing at 1% per month until fully paid off.
Where is my payment due when I am assigned an assessment?
Property owners should make all payments payable to “Evergreen County/City” and submit them either online or mail them directly to your county treasurer’s office or other designated collection point that will be listed on your statement once issued.
Is there any assistance available if I am unable to make my full installments towards my assessment payment?
Assistance may be available depending on individual circumstances from your county/city government or other non-profit organizations who specialize in helping people with financial hardships meet their tax payments.