How are the costs determined and how are they assessed?
The costs are distributed across the properties benefiting from the new infrastructure or maintenance (the district). State law allows the distribution to be done on the basis of the area of each parcel in the district, the assessed value of each parcel, number of parcels, front footage of each parcel bordering a street, or a combination of these methods.Selling bonds that are paid off over a period of up to 20 years pays for the costs of the improvements or maintenance. The City in turn assesses the parcels in the district to generate the money needed to pay off the bonds. The interest rate charged by the City is the average interest rate payable on the outstanding bonds, plus up to 1% to cover the administration costs. The assessment appears on the property owner's yearly property tax bill, which is mailed in October. The first half is due by November 30 and the second half is due by May 31 to avoid penalty. If you want to pay off your assessment, please contact the City Finance Office at (406) 552-6111 or 552-6119 for the amount. Having your parcel number is helpful, but not essential.

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1. What is an Special Improvement District (SID)
2. How are the costs determined and how are they assessed?