Sec. 22. (a) Upon receipt of the primary assessment, the county auditor shall by mail notify the affected person of the amount of the assessment against the person’s property.

     (b) The notice must state the following:

Terms Used In Indiana Code 36-9-40-22

  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(1) That the amount is due not later than thirty (30) days after the approval of the assessment by the works board.

(2) That a person who desires to pay the person’s assessment by installments must enter into a written agreement under subsection (c) before the due date.

     (c) A person who desires to pay the person’s assessment in twenty (20) equal semiannual installments must before the due date enter into a written agreement stating that in consideration of that privilege the person:

(1) will not make an objection to an illegality or irregularity regarding the assessment against the person’s property; and

(2) will pay the assessment as required by law with specified interest.

     (d) The agreement under subsection (c) shall be filed in the office of the county auditor. If a property owner elects to pay the property owner’s assessments in installments, the assessment shall be entered for collection on the duplicate, shall have the same priority and rights, and shall be collected in the same manner as other taxes.

     (e) The interest rate for the installments of the assessment is the interest rate established in IC 6-1.1-37-9.

     (f) An assessment of less than one hundred dollars ($100) may not be paid in installments.

As added by P.L.7-2002, SEC.1.

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