What is 1915 Act bond?

A 1915 Act bond direct levy is a special assessment imposed on those real property owners within a development area. 1915 Act bonds are for public financing usually for improvements, such as streets, curbs, gutters and underground sewer and water infrastructure that generally enhance land value and give land utility. When a developer finances such improvements through a 1915 Act bond, developers pass on the debt to each home buyer as an assessment bond obligation specific to the buyer's lot.

If the annual property tax bill includes a 1915 Act bond and it is not paid in full by June 30, the property may subject to the accelerated judicial foreclosure process. After June 30, those special assessments subject to the accelerated judicial foreclosure are removed from the unpaid tax bill and the districts are responsible for collection enforcement.

1915 Act bonds are levied on the tax bill on behalf of the 1915 District and are not levied by the Assessor, Auditor-Controller or Tax Collector. For any information or disclosure of a 1915 Act bond levied against property, please contact the 1915 District directly. Contact numbers for the individual districts are contained in the Direct Levy District Listing.