What is the term of bonds?
Under the federal tax law, the term of the bonds cannot exceed 120% of the life of the improvements. Typically, the term of the bonds is 30 years, similar to the homeowner's mortgage.

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1. How is the special tax spread among property owners?
2. Who will bill and collect the tax?
3. Is the tax deductible for the homeowner?
4. Who is responsible for the special tax?
5. How does the failure of one homeowner to pay his tax affect other homeowners?
6. Can I prepay my Special Service Area Tax?
7. How is the special tax disclosed to the purchaser?
8. When is the Special Service Area Tax due and who will notify me?
9. Aren't these public improvements included in the price of the home?
10. Does my regular real estate taxes pay for these public improvements?
11. How much will my tax be?
12. Why would Special Service Area increases not be consistent over the life of my payment?
13. What is the term of bonds?
14. What is the security for the bonds?