What does the term "Installment Payments" pertain to?

The term "Installment Payments" specifically refers to structured payment plans that allow taxpayers to pay off large sums, such as for local improvements, over time rather than in a single lump payment. This approach makes it more manageable for property owners to handle significant financial obligations by breaking them down into smaller, more affordable amounts distributed over a specified period.

By allowing installment payments for local improvements, municipalities can ensure that necessary upgrades and improvements are funded while also providing relief to property owners who might otherwise struggle to pay these amounts in one payment. This structure is beneficial as it can encourage compliance and participation in local improvement projects, facilitating better community development and infrastructure enhancement.