Assessment Prepayment Information
Opportunity to Prepay Special Assessment to Avoid Interest
After the April 4, 2025, Eaton County Day of Review of Apportionments for the Bank
Intercounty Drain, an Apportionment of Benefits was signed, and a special assessment for the Bank Intercounty Drain will be placed on your winter taxes beginning this year (December 2025). The total amount will be spread over 30 years and will include interest.
Letters with the assessment amount were mailed to property owners last week. The assessment amount included on the letters is the total principal amount and does not include interest. Property owners may prepay all or a portion of the assessment principal amount to avoid/reduce interest charges.
Special Assessment Prepayment FAQs
Why would I want to prepay my assessment?
Prepaying your assessment will avoid/reduce interest charges. You have the opportunity to prepay the total or a portion of the total assessment amount by May 9, 2025.
Why is there interest?
Due to the size of the project, financing is required. The Bank Intercounty Drain Drainage Board will seek bids for the borrowing. Interest (once known) will be placed on any amount of money that is borrowed. The interest charges will decrease each year as the principal amount is paid off.
What is the interest rate?
Unfortunately, we do not know the interest rate at this time. The actual interest rate will only be known after the prepayments have been received and after bids from financing institutions are reviewed. There is a potential to refinance should future interest rates go down.
How do I prepay my assessment?
Property owners can prepay their assessment by mail or in person by May 9, 2025 to the county in which the parcel is located.
EATON COUNTY
MAIL - Mail payments to:
ATTN: Eaton County Drain Commissioner
1045 Independence Boulevard
Charlotte, MI 48813
IN-PERSON - In-person payments can be made at the following locations:
Eaton County Drain Commissioner's Office
1045 Independence Boulevard, Charlotte, MI 48812
HOURS: Monday-Thursday: 8:30 am-4:30 pm (closed for lunch from 12 pm-1 pm)
Delta Charter Township - Engineering Department (located in the basement)
7710 West Saginaw Hwy, Lansing, MI 48917
*Please note that Eaton County officials will ONLY be available on the below dates and times to accept payment at Delta Township:
April 25 | 8:30 am-4:30 pm
May 7 | 1:00 pm-4:30 pm
May 9 | 8:30 am-4:30 pm
INGHAM COUNTY
MAIL - Mail payments to:
ATTN: Ingham County Drain Commissioner
P.O. Box 220
707 Buhl Avenue
Mason, MI 48854
IN-PERSON - In-person payments can be made at the following location:
Ingham County Drain Commissioner’s Office
707 Buhl Avenue, Mason, MI 48854
HOURS: Monday-Friday 8:00 am-5:00 pm
Do I have to prepay? What happens if I don’t prepay my assessment?
No, you are not required to prepay. The assessment amount will be spread over 30 years and placed on your winter taxes beginning this year (2025). The amount placed on your taxes each year will also include interest.
Tree Clearing Completed
Tree clearing work along the Bank Drain is complete. Trees were removed in preparation for the replacement of the drain. This work was performed in the winter to protect threatened and endangered bat species.
The information in this blog post came from an email sent out on 4/24/25. To register for email updates for the Bank Intercounty Drain project, click here.