Right of Redemption
Guidelines & Requirements
The owners, or other parties that had a vested interest in property that was sold through a tax sale, are entitled to a right of redemption. This right provides the owner every reasonable opportunity to reacquire the property; provided, however, that the guidelines and requirements below are followed.
- The redemption must take place within 12 months of the date of the sale or at any time after the sale until the right to redeem is foreclosed.
- If the property was "bid in" by the county prior to July 1, 2002, the redemption price shall be the amount paid for the property, plus 20% of that amount for each year or fraction of a year. If the redemption is not made until after the notice terminating the right to redeem is given, the sheriff cost of serving and advertising such notice shall also be added, as well as the further sum of 20% of the amount of the bid price.
- The amount required to be paid for redemption of property from any sale for taxes as provided by state law, or the redemption price, shall with respect to any sale made after July 1, 2002, be the amount paid for the property at the tax sale, as shown by the recitals in the tax deed. Any taxes paid on the property by the purchaser after the sale for taxes, any special assessments on the property, plus a premium of 20% of the amount for the first year or fraction of a year that has elapsed between the date of the sale and the date on which the redemption payment is made and 10% for each year or fraction of a year thereafter, will also be charged.
If redemption is not made until more than 30 days after the notice provided for in Code Section 48-4-45 has been given, there shall be added to the redemption price the sheriff cost in connection with serving the notice and the cost of publication of the notice, if any. All of the amounts required to be paid by this code section shall be paid in lawful money of the United States to the purchaser at the tax sale or to the purchaser´s successors.
- If the property was purchased by someone other than the government the redemption price shall be the amount paid at the sale, plus 10% of that amount for each year or fraction of a year, and any taxes paid since the sale. If the redemption is not made until after the after-notice terminating the right to redeem is given, the sheriff cost of serving and advertising such notice shall also be added.