I understand that League City has what is called a PID tax.
What is the difference between a PID tax and a MUD tax?
Answers (1)
FIRST ANSWER
Most of League City has a MUD and that is another taxing authority added on the the county, city, school, etc. It usually never goes away. And a PID is almost the same except it is calculated on the land sq. ft. and it is always the same amt every year and it can pay off after a set time. It can be paid by monthly, yearly or all at once. It usually is around a 7% interest rate for the duration of the pay off.
Web Reference: http://www.friendswood-realestate.com
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