North Carolina § 153A-210 - 5. (Article has an expiration date - see note) Payment of assessments by installments.

§ 153A-210. 5. (Article has an expiration date - see note) Payment of assessments by installments.

An assessment imposed under this Article is payable in annual installments. The board of commissioners must set the number of annual installments, which may not be more than 25. The installments are due on the date that real property taxes are due. The board of commissioners may provide for the abeyance of assessments as authorized in Article 9 of this Chapter. The abeyance may apply to any assessed property. Annual installments shall be deferred until the period of abeyance ends. The assessment shall be payable on the first annual installment payment date after the period of abeyance ends. History (2008-165, s. 2; 2013-371, s. 3; 2015-121, s. 3; 2017-40, s. 1.) Article Has an Expiration Date. - For expiration of Article 9A, see G.S. 153A-210.1(b). Editor's Note. - Session Laws 2008-165, s. 4, is a severability clause. Session Laws 2008-165, s. 5, as amended by Session Laws 2013-371, s. 3, provides: "This act is effective when it becomes law [August 3, 2008]." Effect of Amendments. - Session Laws 2015-121, s. 3, effective June 30, 2015, substituted "not be more than 25" for "not be more than 30" in the second sentence. For applicability, see editor's note. Session Laws 2017-40, s. 1, effective June 21, 2017, redesignated the existing language as subsection (a) and added subsection (b).