§ 153A-201. Authority to hold assessments in abeyance. - North Carolina Statutes

§ 153A‑201. Authority to hold assessments in abeyance.

The assessment resolution may provide that assessments made pursuant tothis Article shall be held in abeyance without interest for any benefitedproperty assessed. Water or sewer assessments may be held in abeyance untilimprovements on the assessed property are connected to the water or sewersystem for which the assessment was made, or until a date certain not more than10 years from the date of confirmation of the assessment roll, whichever eventoccurs first. Beach erosion control or flood and hurricane protectionassessments may be held in abeyance for not more than 10 years from the date ofconfirmation of the assessment roll. When the period of abeyance ends, theassessment is payable in accordance with the terms set out in the assessmentresolution.

If assessments are to be held in abeyance, the assessment resolutionshall classify the property assessed according to general land use, locationwith respect to the water or sewer system (for water or sewer assessments), orother relevant factors. The resolution shall also provide that the period ofabeyance shall be the same for all assessed property in the same class.

Statutes of limitations are suspended during the time that anyassessment is held in abeyance without interest. (1963, c. 985, s. 1; 1965, c. 714; 1973, c. 822, s.1.)