§ 8939 Assessment Installment Calculation Basis

• •You pay for your property in two payments every year.
• •The amount you pay is based on the original cost of the property minus any money you've already paid.
• •You keep paying this way until the full cost and any extra fees are paid off.

You buy a piece of land and agree to pay for it over time.

Every six months, you pay a part of the total cost. If you've already paid some money, that amount is taken off the total before calculating your next payment. You keep doing this until the land is fully paid for, including any extra costs.