SB 138 Summary

• Governs the assessment process for neighborhood improvement district projects, including governing body authority to hear objections and amend proposed improvements and assessments.

• Requires property owners be notified by mail of their individual special assessments and given the option to pay in full with accrued interest or in substantially equal annual installments.

• Assessments are payable concurrent with general property taxes at interest rates not exceeding the rate permitted for bonds under section 108.170, with interest accruing between the assessment effective date and first installment due date.

• County collectors in counties with charter government and between 600,000-700,000 inhabitants, or first classification counties with between 135,400-135,500 inhabitants, may collect fees as prescribed by section 52.260.

• Special assessments constitute a lien on assessed property and may be foreclosed through land tax sale under chapter 140, judicial foreclosure under chapter 141 where applicable, or by judicial foreclosure at the governing body's option, with the entire remaining assessment potentially becoming due upon foreclosure.