1.If the owner of any land against which a levy exceeding five hundred dollars has
been made and certified shall, within thirty days from the date of such levy, agree in
writing endorsed upon any improvement certificate referred to in section 468.70, or in a
separate agreement, that in consideration of having a right to pay the owner’s assessment
in installments, the owner will not make any objection as to the legality of the assessment
for benefit, or the levy of the taxes against the property, then such owner shall have the
following options:
a.To pay one-third of the amount of the assessment at the time of filing the agreement;
one-third within twenty days after the engineer in charge certifies to the auditor that the
improvement is one-half completed; and the remaining one-third with
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1. If the owner of any land against which a levy exceeding five hundred dollars has
been made and certified shall, within thirty days from the date of such levy, agree in
writing endorsed upon any improvement certificate referred to in section 468.70, or in a
separate agreement, that in consideration of having a right to pay the owner’s assessment
in installments, the owner will not make any objection as to the legality of the assessment
for benefit, or the levy of the taxes against the property, then such owner shall have the
following options:
a. To pay one-third of the amount of the assessment at the time of filing the agreement;
one-third within twenty days after the engineer in charge certifies to the auditor that the
improvement is one-half completed; and the remaining one-third within twenty days after
the improvement has been completed and accepted by the board. All installments shall be
without interest if paid at said times, otherwise the assessments shall bear interest from the
date of the levy at a rate determined by the board notwithstanding chapter 74A, payable
annually, and be collected as other taxes on real estate, with like interest for delinquency.
b. To pay the assessments in not less than ten nor more than twenty equal installments,
with the number of payments and interest rate determined by the board, notwithstanding
chapter 74A. 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 the levy
as set by the board to the first day of December following the due date. 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 must be paid at the
same time and in the same manner as the first semiannual payment of ordinary taxes.
All future installments of an assessment may be paid on any date by payment of the then
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. After
December 1, if a drainage assessment is not delinquent, a property owner may pay one-half
or all of the next annual installment of principal and interest of a drainage 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 drainage assessment, and shall credit the next annual installment or
future installments of the drainage assessment to the extent of the payment or payments,
and shall remit the payments to the drainage fund. 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. Each installment of an assessment with interest on the
unpaid balance is delinquent from October 1 after its due date. However, when the last day
of September is a Saturday or Sunday, that amount shall be delinquent from the second
business day of October. Taxes assessed pursuant to this chapter which become delinquent
shall bear the same delinquent interest as ordinary taxes. When collected, the interest must
be credited to the same drainage fund as the drainage special assessment.
2. The provisions of this section and of sections 468.58 through 468.61 may within the
discretion of the board, also be made applicable to repairs and improvements made under
the provisions of section 468.126.