The Truth about Sanitary Improvement Districts (SID)

New Home Buyers – Learn All About Sanitary Improvement Districts from Charleston Homes!

Hey, Luke Ediger with Charleston Homes here in Omaha! Recently, I got some great information from Walt Slobotski of NP Dodge about sanitary improvement districts or otherwise know as an SIDs.

Now, I know this isn’t the most exciting topic in the world! However, it’s one of the first questions new home buyers ask when they come to Charleston because they want to know how it will affect their taxes.

First, some background on SIDs in case you’re not familiar with them. Well, any time a new subdivision is created it has to be financed because new streets, new lighting, new streets, etc. have to be created.

So, a SID is essentially a financing tool, and it’s used extensively in the state of Nebraska and, especially, Omaha.

Second, with the recent economic turmoil in the nation, some new home buyers worry that they’ll get stuck with sudden and dramatic rises in taxes if a SID finds itself in financial trouble.

There are government safeguards in place to help protect homeowners!

Now, another question new home buyers often ask is, “When I build a new home in a subdivision, how much higher are my taxes going to be in comparison to established homes?”

The answer is they will be higher, but not by much! Remember, you’re paying for new everything – sewers, roads, lighting, etc. – so, you’re getting the benefit of the latest technology and a wonderful living environment.

If you’d like to learn more about this subject, contact us today. Our numbers are 402.502.5600 or 402.934.2212! Or drop us a line at http://www.charlestonhomesomaha.com!