Assessments shall be calculated by dividing the total cost of improvement by the length in feet of the improvement to determine a cost per foot. Abutting property owners shall be assessed one-third of the cost per foot for each foot of property abutting the improvement. In the event that an improvement is made on only one side of a street, then the abutting property owner shall be assessed two-thirds of the cost per foot for each foot of property abutting the improvement. The remainder of the cost in either case shall be born by the town.
(1992 Code, § 98.52)