§ 10.8-72. Calculation of street lighting assessments.

(a)

The street lighting assessments shall generally be levied equally upon each assessment unit assigned to each tax parcel provided with street lighting services as shown on the property appraiser's tax roll.

(b)

The standard assessment unit for new street lighting assessment areas within platted, residential subdivisions shall be a lot however, depending on the characteristics of a particular street lighting assessment area or a proposed plan for provision of street lighting services, the county may determine that a different assessment unit shall be used to ensure that the street lighting assessed cost is fairly and reasonably apportioned among all benefitted tax parcels.

(c)

The annual street lighting assessments shall generally be calculated for each tax parcel, excluding the excluded parcels, in the following manner:

(1)

Annual service component. The annual service component shall be calculated for each fiscal year for each tax parcel by dividing the number of assessment units attributable to such tax parcel by the total number of assessment units attributable to all tax parcels within street lighting assessment area, and multiplying the result by the estimated street lighting assessed cost.

(2)

Assessment collection cost. The assessment collection cost shall be computed each fiscal year for each tax parcel by (1) dividing (a) the annual service component for such tax parcel by (b) the street lighting assessed cost and (2) multiplying the result by the assessment collection cost.

(3)

Statutory discount amount. The statutory discount amount shall be computed for each tax parcel by deducting (1) the sum of (a) the annual service component and (b) the assessment collection cost, from (2) the amount computed by dividing (a) the sum of (i) the annual service component and (ii) the assessment collection cost, by (b) the factor of 0.95.

(4)

Street lighting assessment. The annual street lighting assessment for each tax parcel shall be computed as the sum of (1) the annual service component, (2) the assessment collection cost, and (3) the statutory discount amount.

(Ord. No. 18-066, § 3.02, 9-18-18)