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4/16/2021 <br />7 <br />Assessments – Mill and Overlay <br />Assessments <br />14 <br />Option Deadline <br />1. Pay-off full assessment to avoid interest - November 30, 2021 <br />- November 14 (every year after) <br />2. Partial Payment - November 1 <br />3. Apply directly to Property Tax - Automatic if options above are not <br />exercised <br />- 2% over true interest cost <br />•Street Reconstruction Assessments - paid over 15-Yr period <br />•Mill and Overlay Assessments – paid over 10-Yr period <br />•Interest rate is set at the time of assessment certification. <br />33