A. Assessments that are imposed under Chapter 8.12 run against the property until paid and are due and payable in equal annual installments as set forth in A.R.S. 9-499(E) or any subsequent replacement state statutory provision thereof.
B. An assessment that is past due accrues interest at the rate prescribed by A.R.S. 44-1201 or any subsequent replacement state statutory provision thereof.
(Ord. 1397.08.07 § 3 (part), 1998)