Arizona § 48-984 Annual assessment installments

Arizona Statutes

§ 48-984 — Annual assessment installments

Arizona § 48-984

Title 48Arizona Revised Statutes

Ch. 6COUNTY IMPROVEMENT DISTRICTS

Art. 2County Improvement Districts-Alternate Procedure for Assessing and Financing Proposed Improvements and Providing for the Issuance of Bonds Prior to Construction of Improvements

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Bluebook

Ariz. Rev. Stat. Ann. § 48-984 (2026).

Text

A.Annual installments of principal and interest of the assessments shall be collected on the county tax roll in the manner provided in section 48-946 and the provisions of sections 48-947 and 48-952 shall apply.

B.The annual installments of the assessments shall constitute a first lien on the respective lots or parcels assessed, coequal with the lien of general taxes, not subject to extinguishment by a sale for nonpayment of general taxes prior and superior to all demands, executions, incumbrances, titles or liens whensoever created, including the lien of all special assessments thereafter levied, and shall continue until such assessment installments, with penalties, interest and charges that may accrue thereon, shall have been paid.

C.Any surplus remaining in a bond redemption fund a

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A. Annual installments of principal and interest of the assessments shall be collected on the county tax roll in the manner provided in section 48-946 and the provisions of sections 48-947 and 48-952 shall apply.

B. The annual installments of the assessments shall constitute a first lien on the respective lots or parcels assessed, coequal with the lien of general taxes, not subject to extinguishment by a sale for nonpayment of general taxes prior and superior to all demands, executions, incumbrances, titles or liens whensoever created, including the lien of all special assessments thereafter levied, and shall continue until such assessment installments, with penalties, interest and charges that may accrue thereon, shall have been paid.

C. Any surplus remaining in a bond redemption fund after the bonds and interest have been paid shall be used as provided in section 48-983, subsection G.