Arkansas § 14-91-503 - Assessment procedures.

§ 14-91-503. Assessment procedures.

The city or town council shall also appoint a board of three (3) assessors who shall reassess the benefit that will accrue to the owners of the real property within the improvement district from the making of the original improvements and from the proposed repairs, replacements, improvements, or extensions. The reassessment shall be filed, advertised, equalized, and corrected like the original assessment of benefits and shall become incontestable under the same circumstances as the original assessment of benefits. The council shall pass an ordinance levying upon the assessment of benefits the tax essential to pay for the work of improvement, including repairs, replacements, improvements, or extensions, substantially in the following form: The local assessment shall be a charge and a lien against all the real property in the district from the date of the ordinance and shall be entitled to preference over all judgments, executions, encumbrances, or liens whensoever created. The assessment shall continue until the local assessment, with any penalty and costs that may accrue thereon, shall be paid. As between grantor and grantee, all payments not due at the date of the transfer of the real property shall be payable by the grantee. “AN ORDINANCE LEVYING AN ASSESSMENT FOR REPAIRS, REPLACEMENTS, IMPROVEMENTS OR EXTENSIONS IN WATERWORKS (OR ELECTRIC LIGHT OR SEWER) DISTRICT NO. , OF THE CITY (OR TOWN) OF . “WHEREAS, two-thirds in value of the property holders owning property in District No. of the City (or Town) of as now organized have petitioned the Council of the City (or Town) of for repairs, replacements, improvements or extensions, and that the cost thereof shall be assessed upon the real property of the said district according to benefits received; and “WHEREAS, said benefits received by each and every block, lot, and parcel of real property situated in said district equals or exceeds the local assessment thereon; and “WHEREAS, the estimated cost of said improvement is Dollars; “THEREFORE, it is now ordained by the City or Town Council of the City or Town of , that said several blocks, lots, and parcels of real property in said district be assessed according to the assessment list for said improvement district as the same now remains in the office of the Recorder or City Clerk, and that percent on each of said blocks, lots and parcels shall be paid annually on or before the day of until the whole of said local assessment shall be paid.” Click to view form.