Property owners are not charged for transportation infrastructure improvements until the work is complete. At that time a property owner may either pay the assessment in full, or choose to finance it. All participants in an LID are automatically eligible for financing; usually over 5, 10 or 20 years with monthly or semiannual payments. If property ownership changes, payment responsibility remains with the property, and does not follow the previous property owner. Assessments are secured by a lien on the property until paid. If the assessment is financed, the property owner will receive an annual statement of interest paid, which can be used to substantiate interest payments should the property owner choose to deduct these costs. Consult your tax advisor as to whether such payments would be tax-deductible for you. The City does not provide tax advice.