Bond cost index
Subdivision Bond Cost
Subdivision bonds, also called site improvement or plat bonds, guarantee that a developer will complete the public improvements a city or county requires before it accepts a new subdivision.
How much does a subdivision bond cost?
Bond amount is set by the local government, usually the engineer's estimate of the remaining improvement cost. Premium runs 1 to 3 percent of the bond amount for well-qualified developers. Term runs until the work is accepted. Premium for a subdivision runs about 1% to 15% of the bond amount per year, set by underwriting based on credit and financials.
Data as of 2026-06-17. Methodology v1.
Bond amount and premium by state
| State | Bond amount | Premium rate band | Estimated annual premium |
|---|---|---|---|
| Alabama | Set per project by the obligee | 1% to 15% | Varies |
| Alaska | Set per project by the obligee | 1% to 15% | Varies |
| Arizona | Set per project by the obligee | 1% to 15% | Varies |
| Arkansas | Set per project by the obligee | 1% to 15% | Varies |
| California | $100 | 1% to 15% | $100 to $100/yr |
| Colorado | Set per project by the obligee | 1% to 15% | Varies |
| Connecticut | Set per project by the obligee | 1% to 15% | Varies |
| Delaware | Set per project by the obligee | 1% to 15% | Varies |
| Florida | Set per project by the obligee | 1% to 15% | Varies |
| Idaho | Set per project by the obligee | 1% to 15% | Varies |
| Illinois | Set per project by the obligee | 1% to 15% | Varies |
| Indiana | Set per project by the obligee | 1% to 15% | Varies |
| Iowa | Set per project by the obligee | 1% to 15% | Varies |
| Kansas | Set per project by the obligee | 1% to 15% | Varies |
| Kentucky | Set per project by the obligee | 1% to 15% | Varies |
| Louisiana | Set per project by the obligee | 1% to 15% | Varies |
| Maine | Set per project by the obligee | 1% to 15% | Varies |
| Maryland | Set per project by the obligee | 1% to 15% | Varies |
| Massachusetts | Set per project by the obligee | 1% to 15% | Varies |
| Michigan | Set per project by the obligee | 1% to 15% | Varies |
| Minnesota | Set per project by the obligee | 1% to 15% | Varies |
| Mississippi | Set per project by the obligee | 1% to 15% | Varies |
| Missouri | Set per project by the obligee | 1% to 15% | Varies |
| Montana | Set per project by the obligee | 1% to 15% | Varies |
| Nebraska | Set per project by the obligee | 1% to 15% | Varies |
| Nevada | Set per project by the obligee | 1% to 15% | Varies |
| New Hampshire | Set per project by the obligee | 1% to 15% | Varies |
| New Jersey | $120 | 1% to 15% | $100 to $100/yr |
| New Mexico | Set per project by the obligee | 1% to 15% | Varies |
| New York | Set per project by the obligee | 1% to 15% | Varies |
| North Carolina | $125 | 1% to 15% | $100 to $100/yr |
| North Dakota | Set per project by the obligee | 1% to 15% | Varies |
| Ohio | Set per project by the obligee | 1% to 15% | Varies |
| Oklahoma | Set per project by the obligee | 1% to 15% | Varies |
| Oregon | Set per project by the obligee | 1% to 15% | Varies |
| Pennsylvania | Set per project by the obligee | 1% to 15% | Varies |
| Rhode Island | Set per project by the obligee | 1% to 15% | Varies |
| South Carolina | Set per project by the obligee | 1% to 15% | Varies |
| South Dakota | Set per project by the obligee | 1% to 15% | Varies |
| Tennessee | Set per project by the obligee | 1% to 15% | Varies |
| Texas | Set per project by the obligee | 1% to 15% | Varies |
| Utah | Set per project by the obligee | 1% to 15% | Varies |
| Vermont | Set per project by the obligee | 1% to 15% | Varies |
| Virginia | Set per project by the obligee | 1% to 15% | Varies |
| Washington | Set per project by the obligee | 1% to 15% | Varies |
| West Virginia | Set per project by the obligee | 1% to 15% | Varies |
| Wisconsin | Set per project by the obligee | 1% to 15% | Varies |
| Wyoming | Set per project by the obligee | 1% to 15% | Varies |
These are estimated ranges, not quotes. Final premium is set by underwriting and depends on the bond amount, your credit and financials, the bond class, and the obligee. A firm number takes a short application.