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Notwithstanding the provisions of any law to the contrary, <br />any county, statutory or home rule charter city or town, making a <br />special assessment at its discretion, defer the payment of that <br />assessment for any homestead property owned by a person 65 years <br />of age or older or retired by virtue of a permanent and total <br />disability for whom it would be a hardship to make the payments. <br />Any County, statutory or home rule charter city or town electing <br />to defer special assessments shall adopt an ordinance or <br />resolution establishing standards and guidelines for determining <br />the existence of a hardship and for determine the existence of a <br />disability, but nothing herein shall prohibit the determination <br />of hardship on the basis of exceptional and unusual circumstances <br />not covered by the standards and guidelines where the <br />determination is made in a nondiscriminatory manner and does not <br />give the applicant an unreasonable preference or advantage over <br />other applicants. <br />435.194 Procedure to obtain deferred assessment. <br />The homeowner shall make application for deferred payment of <br />special assessments on forms prescribed by the County Auditor of <br />the County in which the homestead is located. Where the deferred <br />assessment is granted, the auditor shall record a notice thereof <br />with the County Recorder of said County which shall set forth the <br />amount of the assessment. The taxing authority may determine by <br />ordinance or resolution the amount of interest, if any, on the <br />deferred assessment and this rate shall be recorded by the <br />auditor along with and in the same manner as the amount of the <br />assessment. <br />435.195 Termination of right to deferred payment. <br />The option to defer the payment of special assessments shall <br />terminate and all accounts accumulated plus applicable interest <br />shall become due upon the occurrence of any of the following <br />events: (a) the death of the owner, provided that the spouse is <br />otherwise not eligible for the benefits hereunder; (b) the sale, <br />transfer or subdivision of the property or any part thereof; (c) <br />if the property should for any reason lose its homestead status; <br />or (d) if for any reason the taxing authority deferring the <br />payments shall determine that there would be no hardship to <br />require immediate or partial payment. <br />s/s Joel R. Hanson <br />City Administrator <br />Published in the Little Canada Press on October 3 and October 10, <br />1995. <br />Page 6 <br />