Okla. Stat. tit. 11, § 11-37-222
This is the official text of Okla. Stat. tit. 11, § 11-37-222, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Assessing ordinance - Interest on installments - Liens
Official statutory text
Assessments in conformity with the appraisement and
apportionment, as corrected and confirmed by the governing body,
shall be payable in ten equal annual installments, and shall bear
interest not to exceed the rate of thirteen percent (13%) per annum
until paid, payable in each year at such time as the several
installments are made payable. The governing body, by ordinance and
by referring to the assessment roll as confirmed, shall levy
assessments in accordance with the assessment roll and
apportionment, as confirmed, against the several lots and tracts of
land liable therefor. The ordinance shall provide that the owners
of the property so assessed shall have the privilege of paying the
amounts of their respective assessments without interest within
thirty (30) days after the date of the publication of the assessing
ordinance. The special assessments, and each installment thereof
and the interest and penalties thereon, are hereby declared to be a
lien against the lots and tracts of land as assessed from the date
of the publication of the ordinance levying the same, coequal with
the lien of other taxes and prior and superior to all other liens
against such lots or tracts of land. The liens shall continue as to
unpaid installments, interest and penalties until the assessments,
interest and penalties thereon shall be fully paid, but unmatured
installments shall not be deemed to be within the terms of any
general convenant or warranty.
apportionment, as corrected and confirmed by the governing body,
shall be payable in ten equal annual installments, and shall bear
interest not to exceed the rate of thirteen percent (13%) per annum
until paid, payable in each year at such time as the several
installments are made payable. The governing body, by ordinance and
by referring to the assessment roll as confirmed, shall levy
assessments in accordance with the assessment roll and
apportionment, as confirmed, against the several lots and tracts of
land liable therefor. The ordinance shall provide that the owners
of the property so assessed shall have the privilege of paying the
amounts of their respective assessments without interest within
thirty (30) days after the date of the publication of the assessing
ordinance. The special assessments, and each installment thereof
and the interest and penalties thereon, are hereby declared to be a
lien against the lots and tracts of land as assessed from the date
of the publication of the ordinance levying the same, coequal with
the lien of other taxes and prior and superior to all other liens
against such lots or tracts of land. The liens shall continue as to
unpaid installments, interest and penalties until the assessments,
interest and penalties thereon shall be fully paid, but unmatured
installments shall not be deemed to be within the terms of any
general convenant or warranty.
Status: in_force · Read it on the official government site
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