Subdivision Tax Bond

Subdivision Tax Bond: Subdivision tax bond guarantees to the title company or city/county that the taxes associated with the stated parcel of land will be paid for the upcoming tax year. The subdivision tax bond amount is usually a percentage over the actual taxes that is due for the year. For example, if the taxes for the upcoming year is $5,000, the sudvision tax bond will usually be about $6,000.

When requesting a subdivision tax bond on an account that has already been previously submitted to the surety, among the most important information that needs to be provided to the surety are the following information:

If the subdivision tax bond is the first bond being requested on behalf of a new developer and/or the size of the subdivision bond exceeds $100,000, the following information might be requested by the surety.

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