Does it make sense to pay off LID early? (Vegas area)

[Jim D.]

Has anyone ever done an analysis to determine if it is financially beneficial to pay off an LID (Local Improvement District) assessment early?  Or does anyone know how to find out the interest rate I'm paying on the LID?  I know LIDs probably aren't common in all areas of the country, but they are in the Vegas area and I don't find it easy to get information.

For the record....I always factored this cost into my calculations and still liked the "big picture" as far as cash flow. But if I'm paying 8.5% interest or something, I'd like to know. It may be sensible to retire this debt prior to paying off our HELOC. Another concern is, it also seems impossible to get a straight answer on whether LIDs are deductible for rental properties; it is clear you cannot deduct them as a property tax if it's a primary residence, not sure about on an investment.