McDill Inland Lake Protection and Rehabilitation District under its bylaws of incorporation has the following criteria for membership: Membership in the Lake District shall be open to any individual, family, business, or organization, that (a) subscribes to the purposes of the Lake District and (b) owns or leases property within one mile of the lake for which the Lake District was incorporated. This includes all parcels that are waterfront and underwater in the McDill Pond 264 acre mapped area. The Lake District runs on an operational year of 10/1 to 9/30, with the current year assessed in the lake district fees.

Lake District fees for 2025 are $410 per year per parcel. A special assessment was added in August 2021 of $5314.41 for the dredging project. Members of the lake district were allowed to pay up front the full amount of the dredging project assessment by 8/30/21, or be subject to split of the payment on the property tax bill over 15 years including interest. At year 5 the loan for the dredging project will be refinanced at going interest rate, adjusting the final pay off. Residents with an outstanding balance during year 5 will be allowed to pay off their remainder balance at that time, or have their yearly payment rate adjusted based on going loan rates. We do not know at this time what the year 5 loan rate will be or what the final total payment amount will be for properties splitting the assessment over the 15 years since the loan rate will be adjusted at year 5. Currently properties that are assessed for the spread out 15 year payment pay an additional $422.33 on their lake district fee on their tax bill.

All members within the lake district are billed on their tax bill for the year the lake district fees and if applicable to their property the special dredging assessment if they elected not to pay the full amount up front. The assessment for the dredging project started in 2023 tax bills. Lake district fees are considered a tax and are not optional under state statutes to the membership of the lake district. The lake district is not responsible for settling of real estate transactions in regards to the assessments which should be handled between buyer and seller. The lake district also has the right to include new property that falls into the lake district’s article of incorporation if land is subdivided or sold off from former government ownership.