§ 384.65 — Installments due

Iowa § 384.65

• Jurisdiction: Iowa
• Title IX: LOCAL GOVERNMENT
• Ch. 384: CITY FINANCE

Text

1. The first installment of each assessment, or the total amount if five hundred dollars or
less, is due and payable on July 1 next succeeding the date of the levy, unless the assessment
is filed with the county treasurer after May 31 in any year. The first installment shall bear
interest on the whole unpaid assessment from the date of acceptance of the work by the
council to the first day of December following the due date.
2. The succeeding annual installments, with interest on the whole unpaid amount, to the
first day of December following the due date, are respectively due on July 1 annually, and
mustbepaidatthesametimeandinthesamemannerastheSeptembersemiannualpayment
of ordinary taxes.
3. Allfutureinstallmentsofanassessmentmaybepaidonanydatebypaymentofthethen
outstanding balance, plus interest to the next December 1, or additional annual installments
may be paid after the current installment has been paid before December 1 without interest.
A payment must be for the full amount of the next installment. If installments remain to be
paid, the next annual installment with interest added to December 1 will be due as provided
in subsection 2.
4. a. Each installment of an assessment with interest on the unpaid balance is delinquent
from October 1 after its due date and bears the same delinquent interest as ordinary taxes.
However, when the last day of September is a Saturday or Sunday, the unpaid balance of the
installment is delinquent from the second business day of October after its due date. When
collected, the interest must be credited to the same fund as the special assessment.
b. To avoid interest on delinquent special assessment installments, a payment of the full
installment amount must be received by the treasurer on or before the last business day of
the month preceding the delinquent date, or mailed with appropriate postage and applicable
fees paid, and a United States postal service postmark affixed to the payment envelope, with
the postmark bearing a date preceding the delinquent date. Items returned to the sender by
the United States postal service for insufficient postage or applicable fees shall be assessed
interest, unless the appropriate postage and fees are paid and the items are postmarked again
before the delinquent date. However, if the last calendar day of a month falls on a Saturday,
Sunday, or a holiday, that amount becomes delinquent on the second business day of the
following month.
c. To avoid interest on current or delinquent special assessment installments, for
payments made through a county treasurer’s authorized internet site only, if the last day of
the month falls on a Saturday, Sunday, or a holiday, the electronic payment must be entered

by midnight on the first business day of the next month. All other electronic payments must
be entered by midnight on the last day of the month preceding the delinquent date.
5. From the date of filing of a certified copy of the resolution of necessity, the plat, and the
scheduleofassessmentsasprovidedinsection384.51,allspecialassessmentswithallinterest
become and remain a lien on the benefited properties until paid, and have equal precedence
with ordinary taxes, and are not divested by any judicial sale.
6. After December 1, if a special assessment is not delinquent, a property owner may pay
one-half or all of the next annual installment of principal and interest of a special assessment
prior to the delinquency date of the installment. When the next installment has been paid
in full, successive principal installments may be prepaid. The county treasurer shall accept
the payments of the special assessment, and shall credit the next annual installment or
future installments of the special assessment to the extent of the payment or payments, and
shall remit the payments to the city. If a property owner elects to pay one or more principal
installments in advance, the pay schedule shall be advanced by the number of principal
installments prepaid.
7. Each installment of an assessment shall be equal to the amount of the unpaid
assessment as computed on the thirty-first day after the certification of the assessment
divided by the number of annual installments into which the assessment may be divided as
adopted by the council pursuant to section 384.60.
8. Each installment of a special assessment shall be calculated to the nearest whole dollar.
Interest on unpaid installments and interest added for delinquencies shall also be calculated
to the nearest whole dollar. The minimum interest amount is one dollar.

Legislative History

[R60, §1068; C73, §478, 481; C97, §816, 825, 827, 974, 975; S13, §791-b, -c, 792-f, 816, 825, 840-a, 975; SS15, §840-r, 974; C24, 27, 31, 35, 39, §5965, 5966, 6008, 6033, 6906 – 6908; C46, §389.33 – 389.35, 391.35, 391.60, 420.258 – 420.260; C50, §389.33 – 389.35, 391.35, 391.60, 391A.27, 420.258 – 420.260; C54, 58, 62, 66, 71, 73, §389.33 – 389.35, 391.35, 391.60, 391A.30, 420.258 – 420.260; C75, 77, 79, 81, §384.65]