What is true regarding installment payments for local improvements?

For local improvements, the option indicating that installment payments may be annual or quarterly accurately reflects the flexibility allowed in payment schedules for local assessment charges. Local governments often provide this option to ease the financial burden on property owners who are responsible for paying for these improvements, such as road construction or sewer upgrades. By allowing both annual and quarterly payments, municipalities enable property owners to manage their finances more effectively and make the payments more manageable.

This flexibility recognizes the varying financial situations of homeowners and ensures that the imposition of costs related to local improvements does not unfairly burden any single individual or group all at once. As a result, property owners can choose a payment schedule that suits their financial circumstances, either spreading the payments across the year with quarterly installments or making larger, less frequent payments annually.