384.65 - INSTALLMENTS DUE.

        384.65  INSTALLMENTS DUE.         1.  The first installment of each assessment, or the total amount      if less than one hundred dollars, 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 must be paid at the same      time and in the same manner as the September semiannual payment of      ordinary taxes.         3.  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 as provided      in subsection 2.         4.  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.         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.         To avoid interest on current or delinquent special assessment      installments, for payments made through a county treasurer's      authorized website only, if the last day of the month falls on a      Saturday, Sunday, or a holiday, the electronic payment must be      initiated by midnight on the first business day of the next month.      All other electronic payments must be initiated 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 schedule of assessments as provided      in section 384.51, all special assessments with all interest 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.  
         Section History: Early Form
         [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] 
         Section History: Recent Form
         83 Acts, ch 90, § 25; 83 Acts, ch 148, § 2; 86 Acts, ch 1215, § 1;      88 Acts, ch 1104, §1; 92 Acts, ch 1016, §10; 95 Acts, ch 57, §8; 98      Acts, ch 1107, §14; 99 Acts, ch 83, §6; 2005 Acts, ch 34, §10, 26         Referred to in § 311.17, 331.384, 331.559, 358.16, 358C.17,      364.13B, 384.41, 384.60