The Board also determines the number of years permitted for payment of the assessment. The assessment may be paid in full within 30 days without penalty or it may be repaid over the determined period at an interest rate set by the Board.
The assessment is in a second lien position after property taxes and is not an increase in the property taxes themselves. The improvement may cause sales in the area to be higher than before the improvement, but it is difficult to ascertain what fraction of this increase is attributable directly to the improved road. Of course, as assessed valuations are based on representative sales, property taxes could eventually increase.