Redemption of Property Sold

The defaulting taxpayer, any grantee from the owner, or any mortgage or judgment creditor has one year from the date of the sale in which to redeem the property. The cost to redeem consists of all delinquent taxes, costs, assessments, and penalties, plus applicable interest.

Interest

Interest is due on the whole amount of the delinquent tax bid based on the month during the redemption period the property is redeemed according to the following schedule:

• Months one, two, and three: 3%
• Months four, five, and six: 6%
• Months seven, eight, and nine: 9%
• Months ten, eleven, and twelve: 12%

However, in every redemption, the amount of interest due must not exceed the amount of the bid on the property submitted on behalf of the forfeited land commission.

Mobile Homes

If a mobile home is sold to a successful bidder, the defaulting taxpayer also must pay rent to the bidder at the time of redemption an amount not to exceed one-twelfth of the taxes for the last completed property tax year, exclusive of penalties, costs and interest. However, the monthly rental, when calculated as provided in this section, must not be less than ten dollars.

Property Redemption & Refunds

Once property is redeemed the bidder will be notified by mail and must return the original sale receipt to the Delinquent Tax Collector before a refund check will be issued. 

During the redemption period, successful bidders have no ownership rights to the property and have no right to enter the premises or contact the owner. Ownership rights are only transferred if the property is not redeemed and a tax title is recorded.