§ 153A-199. Payment of assessments in full or by installments. - North Carolina Statutes

§ 153A‑199. Payment of assessments in full or by installments.

Within 30 days after the day that notice of confirmation of theassessment roll is published, each owner of assessed property shall pay hisassessment in full, unless the board of commissioners has provided thatassessments may be paid in annual installments. If payment by installments ispermitted, any portion of an assessment not paid within the 30‑day periodshall be paid in annual installments. The board shall in the assessmentresolution determine whether payment may be made by annual installments and setthe number of installments, which may not be more than 10. With respect topayment by installment, the board may provide

(1)        That the first installment with interest is due on the datewhen property taxes are due, and one installment with interest is due on thesame date in each successive year until the assessment is paid in full, or

(2)        That the first installment with interest is due 60 daysafter the date that the assessment roll is confirmed, and one installment withinterest is due on that same day in each successive year until the assessmentis paid in full. (1963, c. 985, s.1; 1965, c. 714; 1973, c. 822, s. 1.)