| LAWS OF THE 2001 REGULAR SESSION OF THE SEVENTY-NINTH GENERAL ASSEMBLY OF THE STATE OF IOWA |
Section 1. Section 468.52, Code 2001, is amended to read as follows:
468.52 LEVY FOR DEFICIENCY.
If the first assessment made by the board for the original cost or for repairs of any
improvement is insufficient, the board shall make an additional assessment and levy in the same ratio as the first
for either purpose, payable at the next taxpaying period after such indebtedness is incurred subject, however, to
the provisions of section 468.57. Any
but an assessment made under this
section
on any tract, parcel, or lot
within the district which is computed at less than five dollars shall be fixed at the sum of five dollars.
All assessments shall be levied at that time as a tax and, notwithstanding chapter 74A, shall bear interest at a rate determined
by the board from that date, payable annually, except as provided as to cash payments within a specified time.
Sec. 2. Section 468.55, Code 2001, is amended to read as follows:
468.55 ASSESSMENTS — MATURITY AND COLLECTION.
All
If a landowner selects an option provided in section 468.57,
all drainage or levee tax assessments become due and payable with the first half of ordinary taxes, and shall
be collected in the same manner with the same interest for delinquency and the same
manner of enforcing collection by tax sales. As an alternative, the certifying authority may
request that the annual installment be payable in two equal payments, one-half with the
September payment of ordinary taxes and one-half payable with the March payment of ordinary taxes.
All drainage or levee tax assessments not optioned for installment payments by the
landowner shall become due and payable within thirty days after the levy of assessments.
Approved May 2, 2001
Updated: 28-Oct-2001 04:11 PM
rc/sw