§ 17-347. Lien for annual installments.

(a)

Imposition of lien. Each annual installment included in the yearly ad valorem tax bill for each assessed property shall constitute a separate and distinct legal, valid and binding first lien against the assessed property in the same manner as the lien for ad valorem taxes. The lien shall be coequal with all liens of state, county, district and municipal taxes, superior in dignity to all other liens, titles and claims, and shall be subject to collection and enforcement as provided by general law for ad valorem taxes.

(b)

Effect of payment of annual installment. Upon payment in full of a special assessment against any particular benefited property, the special assessment against that property shall be deemed satisfied without further action or declaration of the board of county commissioners. However, if requested by the owner of the property assessed, the comptroller shall record at the board of county commissioners' expense a satisfaction of the special assessment and all annual installments in the official records of the county. However, payment of any particular annual installment shall not reduce or otherwise relieve the assessed property from the imposition of succeeding annual installments until the principal of and accrued interest on the special assessment is paid in full.

(Code 1965, § 33-61; Ord. No. 82-7, § 2, 5-18-82)