7. How is the Sewer Assessment paid?

A property owner can opt to pay the Sewer Assessment all at once when due, or may opt to finance the Sewer Assessment and pay quarterly installments on their property tax bill over thirty years. In accordance with current policy, the Sewer Assessment under the thirty-year payback option would be amortized at an interest rate equivalent to 2% above the rate of borrowing, unless otherwise determined by the Town Council.

If the sewer assessment is added to future tax bills, a lien will be recorded on the property at the Registry of Deeds.