What is the amount required to redeem tax-defaulted property?
The amount needed to redeem tax-defaulted property in full is the sum of the following: • The total amount of unpaid taxes for all delinquent years. • A 10% penalty on every unpaid installment. • A $20 administrative charge for each delinquent year. • Monthly penalties of 1 1/2% of the unpaid taxes accrued date. • A redemption fee of $15.
The amount to redeem tax-defaulted property in full is the sum of the following: 1. The total amount of unpaid taxes for all delinquent years. 2. A 10% penalty on each unpaid installment. 3. A $10.00 cost on each unpaid second installment. 4. A redemption fee of $15.00. 5. Monthly penalty at a rate of 1.5% on the unpaid tax amount. 6. Additional costs, added after five years.
The amount needed to redeem tax-defaulted property in full is the sum of the following: The total amount of unpaid taxes for all delinquent years. A 10% penalty on every unpaid installment. A $10 cost for each unpaid 2nd installment. Monthly interest of 1 1/2% of the unpaid taxes as of the accrued date. A $15 State Redemption Fee.
