SAM/SID special assessment and improvement district manager

EXPLORE THE POSSIBILITIES OF A COMPLETE AND PROVEN SOLUTION TO MANAGING YOUR SPECIAL IMPROVEMENT DISTRICTS AND SPECIAL ASSESSMENTS

• Special Assessment Records - manage both maintenance and improvement districts.
• Four Assessment methods - create a district using any one of the following:
• Proportional units such as area, taxable value, or frontage
• Rate codes such as residential, commercial, etc.
• Flat amount
• Fixed rate per proportional unit
• Receipting - take full or partial payments. Assessments can be receipted individually or through a batch entry document.
• Prepayment Calculation - Easily calculate, in advance, principle payoffs. Option to take partial payments on balance of principle.
• Penalty and interest assessments on delinquent taxes - System calculates based on date of payment. Percentage entered by user.
  Interest calculations may be one of the following -
• Serial (Principal amount per payment equal over life of SID)
• Amortized (Payment amount equal over life of SID)
• Summary Finances (Principal and Interest payments are set up for SID and individual properties calculated from master schedule)
• Parcel Finances (Principal and Interest payments are setup for individual parcels)
• Recalculation of SID schedules due to variable interest rate** - rebuilds remaining unbilled principle and interest amortization table based on new rate.
• Form Letters - Provides merge data fields so you can use your word processor to create custom delinquent, assessment, or other types of notices.
• Transfer information to/from counties using Black Mountain Software systems - This includes download of annual name/address updates and receipt information and upload of annual assessment information. May be customized for links to other software.
• Payment History query - information available onscreen by assessment
• Tax query - showing property information, tax amount by due date, and status (paid, unpaid), assessment lines to be paid. Tax payments may be calculated by setting the payment (interest) date.
• Search for Properties - Tax ID, Name, In Care of Name, Geo Code, Township/Range/Section or Subdivision Tax ID # - Changeable
• Accounting Integration - System journalizes all receipt entries for posting to the BMS general ledger.
• Capitalization of Interest - when bond payments are due in advance of assessments being billed, interest may be capitalized over the life of the SID
• Defer Property assessment billing - Individual properties may be marked to exclude them from billing

THERE ARE MANY BUILT IN REPORTS AND REPORT VARIATIONS. A FEW EXAMPLES ARE:

• Tax Roll Book
• Tax Statements
• Assessment Notice
• Assessed Value Recap
• Name and Address List
• Mailing Labels
• Receipt Detail
• Daily Receipt Summary
• Receipt History
• Billing Detail
• Uncollected Taxes
• SAMSID/Accounting Reconciliation
• Tax/Assessment Reconciliation
• SID Detail
• Deferred Principal Balances
• Reports can be printed to screen for preview, directly to printer, to a file or to email