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A SID or LID is placed on a property when the city/county installs streets, fire hydrants, sewer plumbing and street lighting in an undeveloped portion of land that a developer is building on. The costs associated with installing these features is placed upon the home builder/developer. The developer can choose to pay the loan/bond back or they can relay the cost on to the home buyer by one of two ways: if the builder chooses to pay back the funds immediately, they tack the cost onto the price tags of all the homes in the development. If the builder chooses not to add the costs of Special or Local Improvements, the costs get placed onto the buyer by way of SID or LID that is generally a few thousand dollars per home, paid twice a year, amortized over 10-20 years.

Read more: http://www.city-data.com/forum/las-vegas/409431-SIDS-lids-las-vegas-henderson-bank.html#ixzz1YvmMRmRS

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Q: What does LID or SID stand for?
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