Understanding Local Improvement Districts (LIDs)

Local Improvement Districts (LIDs) are designated areas where property owners are assessed to fund public infrastructure improvements like roads, sidewalks, and utilities. While these improvements enhance the value of the properties, they also come with costs that can catch developers off guard if not properly disclosed. In Benton and Franklin Counties, LIDs are a common way for local governments to fund these necessary upgrades, and the associated costs are passed on to property owners within the district.

The Overlooked Issue: Unanticipated Special Assessments

Imagine purchasing land in Kennewick for a new commercial development. The project is moving along smoothly until you receive an unexpected notice of a special assessment tied to an LID, requiring you to pay thousands of dollars for infrastructure improvements that were completed before your purchase. Unfortunately, this scenario is all too common for developers who assume that all financial obligations are disclosed upfront.

This is where working with the right Title and Escrow Company, like Cascade Title Company, can make all the difference. With over 28 years of experience in the industry, Cascade Title Company has a deep understanding of the local market and the nuances of LID assessments. Their expertise ensures that such critical details are not overlooked, protecting you from unexpected financial burdens.

How to Address the Issue with the Help of Cascade Title Company

If you find yourself facing an unexpected LID assessment, there are steps you can take to manage and potentially mitigate the impact. Working with a seasoned Title and Escrow Company like Cascade Title Company can help you navigate these challenges smoothly:

1. Review the Assessment Details:

- Start by gathering all relevant information about the LID or special assessment. Cascade Title Company can assist you in obtaining detailed documentation from the local county assessor’s office or the city’s public works department.

2. Consult with Cascade Title Company:

- Reach out to Cascade Title Company to understand why the LID assessment was not initially disclosed and whether any remedy is available through your title insurance policy. With decades of experience, they are equipped to address any oversights and offer guidance on how to proceed.

3. Explore Financing Options:

- If the assessment is valid, Cascade Title Company can help you explore financing options. Many LID assessments can be paid overtime through property taxes, and their team can work with you to confirm the payment terms and incorporate these costs into your financial planning.

4. Appeal the Assessment:

- If you believe the assessment is unfair, Cascade Title Company can provide you with the resources and advice needed to submit a formal appeal to the local assessment board or city council. Their knowledge of the local legal landscape is invaluable in such situations.

5. Seek Legal Advice:

- Cascade Title Company has longstanding relationships with local real estate attorneys who specialize in Washington State property law. They can connect you with the right professionals to explore any legal avenues available to challenge or reduce the assessment.

Preventing Future Surprises with Cascade Title Company

To avoid encountering this issue in future projects, it’s essential to work with a Title and Escrow Company that conducts comprehensive title searches, explicitly requesting information on any LIDs or special assessments. Cascade Title Company’s 28+ years of experience ensure that these critical details are part of your due diligence process, saving you time, money, and frustration down the road 

Where to Get More Information

For developers working in Benton and Franklin Counties, here are some helpful resources:

- Benton County Assessor’s Office: https://benton.mytaxinfo.us

- Franklin County Assessor’s Office: http://www.franklincountywa.gov

- Washington State Department of Revenue - LIDs: https://dor.wa.gov

By partnering with Cascade Title Company, you benefit from their deep expertise and local knowledge, ensuring that potential LID assessments and other hidden costs are identified early in the process. Don’t let an overlooked detail derail your development—choose a Title and Escrow Company with a proven track record of protecting developers and their investments. Cascade Title Company has been serving the Tri-Cities area for over 28 years, and their experience is your greatest asset in navigating the complexities of real estate development.