Meeting to address levee fee increase
Scappoose Drainage Improvement Company hosting July 8 vote at Scappoose Middle School
The Scappoose Drainage Improvement Company on July 8 will hold a landowners meeting to discuss and vote on a proposal that will change the way lands are assessed within the SDIC boundaries.
One of the actions being proposed is the addition of a fee on top of the tax assessment that is intended to help offset the cost of an expensive levee accreditation initiative born out of 2005s Hurricane Katrina disaster in New Orleans.
It is estimated the fee on a subdivision-sized lot, which received an assessment of about $73 in 2012-13, would receive an assessment of about $232.40 in 2013-14, a more than threefold increase.
Also, landowners would be asked to vote on an updated SDIC boundary map.
The meeting will be held at the Scappoose Middle School gymnasium at 7 p.m.
The vote to change how lands are assessed is being driven by the Federal Emergency Management Agency levee accreditation initiative. Barring FEMA levee accreditation, lands within the SDIC boundary would be classified as existing within an unprotected floodplain.
As a result, flood insurance on residences within the district would increase, replacement buildings would have to be built according to floodplain-zone rules, financial institutions would likely restrict lending, land-use options would decrease and property values would decline.
Flood insurance on a home valued at $250,000, for example, would likely increase from at least $414 to at least $1,500 annually, according to the SDIC.
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