Special assessments shall not exceed 50 percent of the assessed value of the land on which the special assessment is levied, except that when such assessments are authorized to be paid in installments over a period not to exceed 10 years, no annual installment payment shall exceed 25 percent of the assessed value of the land on which the special assessment is levied.
(Added by Ord. 439-96, App. 11/8/96)