{"data":{"id":"us-tn/tenn.-code-ann.-7-32-133","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 7-32-133","heading":"Date assessments due - Installment payments","body":"(a) All assessments levied by virtue of this chapter shall be due and payable within thirty (30) days after the assessment is made final pursuant to § 7-32-125 ; but at the election of the property owner, to be expressed by notice as provided in § 7-32-134 , the assessment may be paid in five (5) annual installments, and shall bear interest at the rate of six percent (6%) per annum, interest payable semiannually.\n(b) For an assessment levied pursuant to § 7-32-115(b) , the municipality may permit payment of the assessment in installments, made not more frequently than monthly and amortized for a period not to exceed thirty (30) years from the date of acquisition and accruing interest at a rate to be determined by the municipality; however, the interest rate shall not exceed the maximum rate of interest permitted by law. Property owners at the time of the initial assessment shall enter into a written agreement detailing the terms of the installment payments pursuant to § 7-32-134 .","path":["TN Code","Title 7","Chapter 32"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"083235e556d79591122c6269a105f7fc46e2d9cf1620b9041e0c005936730f3d","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-7-32-132","next":"us-tn/tenn.-code-ann.-7-32-134"},"notice":"GroundRules: Original legal text. Not legal advice."}