Interest & Fee Information

SOLD TAXES
– interest accrues on the initially sold year at six month intervals from the date of sale
– a take notice mailing fee may be added to the redemption amount at any time within the first 4 months and 15 days after the date of sale
– if a property has sold taxes, current unpaid taxes may be purchased by the Tax Buyer and added to the sale (provided it remains un-redeemed) at any time after the second installment becomes past due
– if the Tax Buyer has begun the process of petitioning for the deed, they may purchase and add a subsequent bill to the sale as soon as it is issued, not having to wait for it to become delinquent (provide the initial sale remains un-redeemed)
– Petition for Deeds charges may be added to an open sale not less than three months and not more than six months prior to the Last Day to Redeem

FORFEITED TAXES
– not sold at a tax sale, but are still due
– interest rates are calculated at an annual rate of 12% based on the date of the most recent tax sale

For more information on Tax Redemption contact us or call (815) 724-1880.