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What is a
Summerlin SID?
Frequently Asked Questions

www.SummerlinHomes411.info 702-966-2494
Why Are SIDs Created?
Fund public improvements such as:
 Roads
 Curbs
 Sidewalks
 Parks
Installment payments are used to repay the
principal & interest on the bonds issued to
finance the cost of the public
improvements
www.SummerlinHomes411.info 702-966-2494
Who is responsible for
repayment?
These assessments are liens on the property
similar to property tax and will be paid by
homeowners.

www.SummerlinHomes411.info 702-966-2494
What Happens When I Sell My
Home?
The remaining assessment due on your
property is transferred to the new owner at
the time of sale.

www.SummerlinHomes411.info 702-966-2494
How Will The Assessments Be
Billed?
 On

a semi-annual basis
 A prepayment penalty may exist for prepaying the assessment.
 Late penalty for assessments not received
by due date.
 Foreclosure proceedings may start for
failure to pay the assessments

www.SummerlinHomes411.info 702-966-2494
How are Public Facilities
Handled?
 Public

areas and public facilities such as
parks, schools and roads are
nonassessable.

www.SummerlinHomes411.info 702-966-2494
Is The Assessment Limited to
the Property I Own?
 Yes,

under Nevada law, the assessment
levied on any property owner’s tax parcel
is limited to that individual piece of
property. As a property owner, you will
never be liable for any other owner’s
inability to pay their assessments.

www.SummerlinHomes411.info 702-966-2494
Further Info on SIDs in NV
Assessment Management Group Inc:
 702-796-0082
 http://amgnv.com/

www.SummerlinHomes411.info 702-966-2494
Do You Have Summerlin Real
Estate Needs?
We can help!
 New Construction
 Listing Your Home
 Buying a Home
 Renting a Home
SummerlinHomes411.info
702-966-2494
www.SummerlinHomes411.info 702-966-2494

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Summerlin Las Vegas Homes for Sale | What is The Summerlin SID?

  • 1. What is a Summerlin SID? Frequently Asked Questions www.SummerlinHomes411.info 702-966-2494
  • 2. Why Are SIDs Created? Fund public improvements such as:  Roads  Curbs  Sidewalks  Parks Installment payments are used to repay the principal & interest on the bonds issued to finance the cost of the public improvements www.SummerlinHomes411.info 702-966-2494
  • 3. Who is responsible for repayment? These assessments are liens on the property similar to property tax and will be paid by homeowners. www.SummerlinHomes411.info 702-966-2494
  • 4. What Happens When I Sell My Home? The remaining assessment due on your property is transferred to the new owner at the time of sale. www.SummerlinHomes411.info 702-966-2494
  • 5. How Will The Assessments Be Billed?  On a semi-annual basis  A prepayment penalty may exist for prepaying the assessment.  Late penalty for assessments not received by due date.  Foreclosure proceedings may start for failure to pay the assessments www.SummerlinHomes411.info 702-966-2494
  • 6. How are Public Facilities Handled?  Public areas and public facilities such as parks, schools and roads are nonassessable. www.SummerlinHomes411.info 702-966-2494
  • 7. Is The Assessment Limited to the Property I Own?  Yes, under Nevada law, the assessment levied on any property owner’s tax parcel is limited to that individual piece of property. As a property owner, you will never be liable for any other owner’s inability to pay their assessments. www.SummerlinHomes411.info 702-966-2494
  • 8. Further Info on SIDs in NV Assessment Management Group Inc:  702-796-0082  http://amgnv.com/ www.SummerlinHomes411.info 702-966-2494
  • 9. Do You Have Summerlin Real Estate Needs? We can help!  New Construction  Listing Your Home  Buying a Home  Renting a Home SummerlinHomes411.info 702-966-2494 www.SummerlinHomes411.info 702-966-2494