Arizona Revised Statutes § 48-2854 Collection Of Assessments By Taxation

48-2854. Collection of assessments by taxation

A. The installments of principal and interest on the bonds shall be collectible in the manner and by the officers provided by law for the collection and enforcement of state and county ad valorem taxes and the ad valorem taxes levied by the district.

B. The time for payment of the respective installments of principal and interest under the resolution shall be the last regular date for the payment of general taxes of the district before the date at which the installments of principal and interest become delinquent. The delinquency, the penalties incurred for delinquency and the method of collection under the resolution are the same as for general taxes of the district.

C. If any installment of an assessment is not collected when due, it may be added to and collected with any succeeding installment.

D. The provisions of title 35, chapter 3, article 4.1, relating to summary sale and judicial foreclosure of property subject to an assessment, may be exercised to collect any delinquent annual assessment installment.

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Last modified: October 13, 2016