Maximum assessment; resolution of confirmation; publication of resolution; when assessment due and payable; lien.
Memphis Charter, art. 54, § 555
in effectSec. 555. - Maximum assessment; resolution of confirmation; publication of resolution; when assessment due and payable; lien.
If the amount assessed against any piece of property shall be greater than one-third of its assessed value for City taxation in the year when the first assessment against said property was filed, then the assessment upon said property shall be reduced so as not to be greater than one-third of the assessed values, and the municipality shall pay the excess. Within ten days after said final statement of cost has been filed, the governing authorities of the municipality shall, by proper resolution, confirm said assessment, and the same shall thereupon become a lien upon all the property in said district for the amount assessed against it. The said resolution of confirmation shall be published three times subsequent to its passage, in some newspaper in said municipality, and the property holders shall have thirty days from said last publication in which to pay the assessment in full or sign a contract to pay the same in installments.
(Priv. Acts 1923, ch. 426, § 7)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART54STIMUNDIPLNOFRFO_S555MAASRECOPUREWHASDUPALIFetched: 10/28/2026