2009 Kentucky Revised Statutes CHAPTER 134 PAYMENT, COLLECTION, AND REFUND OF TAXES 134.549 Sale and conveyance of land obtained by taxing unit through action on certificate of delinquency -- Redemption by taxpayer.
134.549 Sale and conveyance of land obtained by taxing unit through action on
certificate of delinquency -- Redemption by taxpayer.
(1) After the state, county, and taxing districts obtain real property as authorized by
KRS 134.546, the designated agent of the commissioner may advertise and sell at <br>public sale any of the lands, and the commissioner may convey the lands by deed to <br>the purchaser. The commissioner shall, within thirty (30) days from receipt of <br>payment, pay to the county and taxing district the amount of the proceeds due each. <br>The department shall be entitled to an administration fee equal to fifteen percent <br>(15%) of the sale price of the property, which shall be paid into the delinquent tax <br>fund provided for in KRS 134.552.
(2) The sales shall be advertised by a written or printed notice posted at the courthouse
door for fifteen (15) days before the date of sale, and by publication pursuant to <br>KRS Chapter 424, and may in addition be advertised by printed handbills posted for <br>fifteen (15) days before the date of sale in three (3) or more conspicuous places in <br>the taxing districts.
(3) Any real property acquired by the state, county, and taxing districts pursuant to KRS
134.546 may be redeemed at any time before the commissioner gives a deed to a <br>purchaser, by paying to the county clerk the amount due at the time the property was <br>acquired, plus subsequent costs and interest at the rate of twelve percent (12%) per <br>annum.
Effective: January 1, 2010 <br>History: Amended and renumbered, 2009 Ky. Acts ch. 10, sec. 28, effective January 1,
2010. -- Amended 2005 Ky. Acts ch. 85, sec. 278, effective June 20, 2005. -- <br>Amended 1990 Ky. Acts ch. 27, sec. 13, effective July 13, 1990. -- Amended 1966 <br>Ky. Acts ch. 239, sec. 139. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective <br>October 1, 1942, from Ky. Stat. sec. 4149b-9.
Formerly codified as KRS 134.510.
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