What is the interest rate if I decide not to pay the assessment during the cash pay period?

The interest rate is set by the New Mexico Finance Authority at the time the bonds are sold.

Show All Answers

1. What is a Special Assessment District (SAD)?
2. Why does the developer not have to build the required infrastructure?
3. How am I notified that my property is in a SAD?
4. When will I be notified that my property is in a SAD?
5. What if I want some of the infrastructure improvements but not all?
6. Can I get more improvements than those proposed?
7. Why does it cost me extra money to have a SAD than someone else who already has the infrastructure?
8. How much will my assessment be?
9. When do I have to pay my assessment?
10. How long do I have to pay the assessment?
11. What is the interest rate if I decide not to pay the assessment during the cash pay period?