Bill the ordinance. Collect the assessment. Close the books.
Vantage Special Assessments handles the full lifecycle of assessment funding, from ordinance setup and property-roll definition through billing, collection, payoffs, and final disposition. Built for road improvements, infrastructure projects, and any work funded directly by affected property owners.
Ordinances, rolls, and receipts in one place.
SAS organizes assessments by ordinance. Each ordinance carries its own interest rate, rate components, term, and payment method, then attaches to the properties on the roll. Once bills go out, collections, payoffs, and reversals all flow back to the same property-ordinance record.
Ordinance & assessment setup
Define the ordinance, its rate components (curb, paving, sidewalk, filing fee, other), interest rate, term, and payment method. Build the property roll and amount financed per property.
Billing & collection
Generate annual or installment bills with daily interest pro-ration, post cash receipts against the right ordinance, run payoff and amortization calculations at any point in the term.
Built for ordinance-funded improvement projects.
- Ordinance masterConfigure each ordinance's rate components, interest rate, completion date, filing fees, and notes. Allocate the cost across affected properties on the assessment roll.
- Property ordinancesEach property carries its own amount financed, principal billed and paid, interest billed and paid, penalty balance, and payment schedule.
- Payment methodsConfigurable calculation rules (flat principal, declining balance, straight-line) and frequencies (monthly, quarterly, semi-annual, annual).
- Annual or installment billingCalculate the billing workfile, edit-list it, print bills, then update the property-ordinance records with the new billed amounts.
- Payoffs & amortizationCalculate payoff balances at any point in the term, including pro-rated interest. Print amortization schedules per property or per ordinance.
- Penalty trackingPenalty balance and penalty billed maintained on every property-ordinance record, with interest accrual per the ordinance terms.
- ReportingPayments by date range, ordinance master listings, cash receipts edit lists, and amortization schedules. Property and lien inquiries surface full account history.
- Audit trailStandard Vantage audit on every assessment, payment, adjustment, and ordinance change.
One system for the ordinance and the receivable.
Shared property records
SAS uses the same location and address records as Utility Billing and Building Permits, so a single property's full picture (utility account, permits, assessments, liens) is visible in one place.
Posts to AR and the GL
Cash receipts feed the SAS-to-FMS interface, then post into AR and the GL with proper fund and ordinance distribution on the next batch update. No re-keying.
Lien visibility
Property liens recorded by other modules are visible alongside the assessment account, so collections staff see the full delinquency picture for a property.
Connected to the rest of Vantage by default.
See it on your assessment ordinances.
30-minute demo focused on your project structures, payment methods, and collection workflows.
Schedule a Demo