Okay, forgive my ignorance on the subject but this is the first time I've come across this scenario. About 5 or so years ago the local municipality began to charge impact fees to builders looking to build new homes. The original reasons given were the builders were not honoring their commitments to put in things like parks, walking trails, etc within the neighborhoods they were building and the local government said they were taking over the responsibilty by charging what were coined in the local area as "impact fees". And they are not minimal fees but in the tune of $10's of thousands of dollars per HOME. Well then comes the destruction of the housing industry and an almost dead silence in doing appraisals on new construction so I never really worried to much about it. Fast forward to today and I'm appraising a purchase on a new home. In doing my research I begin to notice a phrase prevalent in the MLS and also within the subdivision regarding something known as PID. Based on the research I have done so far it appears this stands for Public Improvement District but I am still trying to find out if that is correct. Some builders are marketing that there are no PID's associated with their homes however some of the homes have these fees. I attempted to get the information from the builders representative but they were somewhat ignorant as well regarding what it all entails but based on this conversation, the PID fee for my subject, and all homes built by this particular builder, is $120 per month for the NEXT 30 YEARS and is supposedly secured by the selling of city bonds. This fee is supposedly added to the yearly real estate taxes for each property that is affected by them. I have also noticed within the MLS database that these PID fees vary from builder to builder and I am assuming it may have something to do with either the total acreage of the land being developed and/or the total number of sites. I have a phone call out to the office which handles these fees to try to get a bit more information but it appears that the builders have passed along these impact fees to the buyers, with the local municipality allowing the builders to avoid paying the full fee upfront, thereby keeping the initial cost of buying a new home "down". So my question is "Is this a special assessment"? If it is, is it for the total amount or for just the next 12 months? I'm sure I'll have a few more questions as I get guidance and information both from the local municipality and from my fellow peers but I'll end my initial inquiries here.