Prepayments

Many Special Taxes and Special Assessments have provisions for Prepayment of all or a portion of the obligation. These Prepayments may be based on amortization of a lien or a special tax formula. Once a Prepayment is made, the lien must be removed from the parcel. NBS is very knowledgeable in the rules and practices of amortizations and prepayment formulae, and has been involved with many complexities thereof.