Headwaters Realty Services

License #: 40286870

Phone:
218-444-2621
Contact Us

Special Assessments - Who Pays?

 

When it comes to special assessments in Northern Minnesota, the responsibility for payment typically depends on the terms outlined in the local laws, the purchase agreement, and any agreements made between the buyer and seller. However, here are some general guidelines:

  1. Seller Responsibility: In some cases, the seller may agree to pay any special assessments that are due at the time of sale. This can be negotiated as part of the purchase agreement or contract.

  2. Buyer Responsibility: Alternatively, the buyer may agree to assume responsibility for any special assessments that are due after the sale is completed. This could include assessments for improvements or repairs made to the property by the local municipality.

  3. Shared Responsibility: In some cases, the responsibility for paying special assessments may be shared between the buyer and seller, with each party paying a portion based on the time of ownership or other factors.

  4. Local Laws and Regulations: It's important to consult with a real estate attorney or local real estate agent familiar with Northern Minnesota laws and regulations regarding special assessments. They can provide guidance on who is typically responsible for paying these assessments in different situations.

Ultimately, the responsibility for paying special assessments should be clearly outlined in the purchase agreement or contract to avoid any misunderstandings or disputes between the buyer and seller.

 

If you have additional questions the township or city will have specific information about each property.

City of Bemidji - City Engineer, Sam Anderson and City Clerk 218.333.1851 

Township - Clerk and Chairperson  https://www.co.beltrami.mn.us/our-government/elected-officials/citytownshipschool/

Have Questions?

Enter PIN Code

A PIN code was sent to . Please check your email and enter the 6-digit PIN code in the field below.

Resend PIN code