The purpose of the water and sewer benefit system
is to establish the basis for calculating the relative benefit to
individual properties served by Town water and/or sewer improvements.
Properties served by Town improvements will be charged special assessments,
based on benefit, to finance the annual capital improvement costs.
The benefit system establishes a numerical unit
value for the degree of benefit to each parcel of property. The special
assessment rate is established by dividing the total estimated capital
costs for the forthcoming year, which includes bond principal and
interest, by the Town-wide aggregate value of the benefit units.