Homeowners in a PID must pay a portion of what?

In a Property Improvement District (PID), homeowners are typically responsible for paying a portion of the bond associated with the municipality. This bond is issued to finance public improvements or infrastructure within the PID, such as roads, parks, and utilities. The costs of these improvements are then recouped through special assessments levied on the property owners within the district over a specified period.

While homeowners may also bear other costs related to their property, such as property taxes or home association fees, the unique characteristic of a PID is its emphasis on collectively funding specific municipal projects through the bond. This structure allows for targeted improvements in the community, enhancing property values and the quality of life for residents. Therefore, the portion of the bond responsibility aligns directly with the purpose and function of a PID, making it the correct choice in this context.