How L.I.D. Assessments Are Paid
The assessments can be paid in one of two methods:
Method 1:
Upon receiving notice of the assessment, the property owner may make a single payment for the value of the assessment.
Method 2:
Upon receiving notice of the assessment, the property owner may sign up to make semi-annual payments over a 10-year period. The payments include the principle plus interest on the unpaid balance. The interest rate is established by the Finance Department.