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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 38. (a) If a property owner appeals the assessment made against the owner's property to the circuit court or superior court, the clerk of the court shall certify the judgment of the court to the unit's disbursing officer. The disbursing officer shall immediately notify the property owner of the amount of the assessment fixed by the court.
(b) The property owner has thirty (30) days from the date the notice is sent to:
(1) pay the assessment in cash; or
(2) elect to pay the assessment in installments by entering into an agreement under section 36 of this chapter.
(c) The unit shall then issue bonds in the amount of the assessment fixed by the court. The bonds must bear the date of the final acceptance of the work.
(d) The assessment bears interest as follows:
(1) From the date of the final acceptance of the work.
(2) At a specified rate per year that is not less than the interest rate specified for installments under section 36 of this chapter.
Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-9-36-38 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-9-36-38/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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