Assessments Under Code Section 36-42-16; Priority of Liens Regarding Assessments for Downtown Development Authorities

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  5. Assessments Under Code Section 36-42-16; Priority of Liens Regarding Assessments for Downtown Development Authorities

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  1. An assessment under Code Section 36-42-16 that relates to any project described in subparagraph (B) of paragraph (6) of Code Section 36-42-3 shall be levied and may be collected when:
    1. A written contract regarding such assessment is executed by the property owner, the authority, and the project administrator;
    2. Such contract is administratively acknowledged by the relevant local jurisdiction with the taxing authority; and
    3. A notice of assessment is recorded in the property records of the relevant local jurisdiction.
  2. A lien for any assessment under Code Section 36-42-16 that relates to any project under subparagraph (B) of paragraph (6) of Code Section 36-42-3 shall have the same priority as municipal liens under paragraph (4) of subsection (b) and subparagraph (g)(2)(B) of Code Section 48-2-56.

(Code 1981, §36-42-17, enacted by Ga. L. 2015, p. 1329, § 1/SB 4; Ga. L. 2017, p. 753, § 1/HB 428.)

The 2017 amendment, effective July 1, 2017, added subsection (a); and designated the previously existing provisions of this Code section as subsection (b).


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