Arizona § 48-985 - Prepayment of assessment
Full text of Arizona Arizona Revised Statutes § 48-985 — Prepayment of assessment, with citation guidance and answers to common questions.
§ 48-985. Prepayment of assessment
A. An owner may elect to pay the total amount of the assessment levied on a lot or tract of land owned by him, or the unpaid balance thereof if a part has been paid.
B. When an owner has prepaid an assessment on any lot or tract of land, such lot or tract shall not thereafter be subject to annual assessment and interest installment levies therefor.
C. When any owner elects to pay off his assessment, the treasurer shall ascertain what bonds may be called by reason thereof and the amount which the owner shall pay therefor, which shall be the total of the following sums:
1. The amount of any delinquent installments of principal and interest, together with penalties, interest and costs due thereon.
2. Any installment of principal and interest which has been posted to the tax roll for the current fiscal year.
3. The unpaid balance of principal thereof, plus a premium computed as provided in section 48-986, subsection B.
4. An amount to be fixed by the treasurer for publishing a notice calling the bonds, if notice is to be published.
5. Interest to the date of call on the amount of principal to be used for call, less the amount of interest provided in paragraph 2 of this subsection. If the amount of principal paid is in excess of the amount for which bonds may be called, additional interest shall be collected on the excess amount for an additional one year.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-985
What does Arizona Revised Statutes § 48-985 cover?
Section 48-985 ("Prepayment of assessment") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 48-985?
A common citation format is "Arizona Revised Statutes § 48-985" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 48-985 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.