| || |
DIGEST OF INTRODUCED BILL
Delinquent property tax sales. Provides that a county auditor's notice of a tax sale is not to state that the person redeeming real property after the sale is required to pay the amount by which the sales price exceeded the minimum bid. Revises the language of the written statement that a bidder on property at a tax sale must sign (which concerns the bidder's bid being applied to delinquent taxes owed by the bidder) so as to make that statement consistent with the redemption requirements of the law. Eliminates a provision that applied only to tax sale property that was offered in 2006 and found to be brownfield property. Provides that a person redeeming tax sale property where a certificate of sale has been sold must pay the same amount as a person redeeming property where no certificate of sale is involved. Provides that a person redeeming tax sale property where a certificate of sale has been sold must pay the same amount as a person redeeming property when no certificate of sale is involved. Provides that when a person who purchases real property at a tax sale fails to pay the bid: (1) the county treasurer, instead of the county prosecuting attorney, must initiate an action to recover the civil penalty; (2) the suit must be initiated in the name of the county and not the treasurer of state; and (3) the person may be found liable for treble damages, costs, and reasonable attorney's fees. Provides that an owner, to redeem tax sale property, must pay 10% per annum on the amount by which the purchase price of the property exceeded the minimum bid but is not required to pay the amount by which the purchase price of the property exceeded the minimum bid. Provides that in the case of a property owned by the county after a tax sale, the disposing agent may determine a minimum bid based on two appraisals and the disposing agent's knowledge of the property.