How property assessments are set each year

(a) During the first assessment year, assessments shall be levied and apportioned pursuant to the rate and method specified in the ordinance establishing the district. Prior to the commencement of the second and each subsequent assessment year, the district board shall prepare and submit a report to the council that shall include the anticipated surplus or deficit from the preceding assessment year as well as any proposed new rate or method of assessment for the next assessment year. The report shall be due by the date set in the ordinance establishing the district or, if the ordinance does not include such a date, the thirtieth day preceding the commencement of the next assessment year. (1) If the proposed assessment for an assessment year does not exceed one hundred ten percent of the preceding assessment year’s total annual assessment, the new rate based upon the method of assessment specified in the ordinance establishing the district shall take effect upon the new assessment year. (2) If the proposed assessment for an assessment year exceeds one hundred ten percent of the preceding assessment year’s total annual assessment, the district board may recommend to the council a change to the rate or method of apportionment of an existing assessment for a district and the recommendation shall be accompanied by a justification and proposed ordinance of consideration. (3) The council shall review and may approve the ordinance of consideration in accordance with this article. (b) The district board shall have the power to: (1) Determine the annual amount due from each landowner subject to the assessment; and (2) Make an adjustment to the annual amount due when required by the assessment base or formula in the applicable ordinance establishing the district. (c) An owner of land who was not entitled to protest a proposed ordinance under sections 35-13, 35-34, or 35-42 shall not be subject to an assessment levied on that owner’s land pursuant to such ordinance. (d) Assessments shall be levied only as long as needed to pay costs of supplemental services and improvements, debt service and incidental expenses. (2004, ord 04-94, sec 1.)35-21