What happens if a PACE assessment is not paid?

Per state statute, a PACE assessment is treated like a lien of equal dignity to county taxes and assessments and is recorded on the property to secure the financing. Therefore, failure to pay a PACE assessment would be equivalent to not paying your property taxes and would follow the same process. Click here for information on Broward County’s process for delinquent property taxes. It is important to note that property taxes are collected annually. It is the responsibility of each taxpayer to know when taxes are due and to pay them before they become delinquent, regardless of whether or not they received a tax bill.

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1. What is Property Assessed Clean Energy (PACE)?
2. What kinds of improvements are eligible for PACE financing?
3. What are the benefits of PACE?
4. Is PACE right for me?
5. Will a PACE assessment affect my monthly mortgage payment?
6. How do I qualify for PACE financing?
7. Why do the PACE providers need to pull my credit?
8. What happens if I sell or refinance my property?
9. Can I payoff my PACE assessment early? Are there penalties?
10. What are the interest rates?
11. Can I use any contractor?
12. Are the PACE programs funded/subsidized with City funds?
13. What happens if a PACE assessment is not paid?