US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 10
      COLLECTION OF DELINQUENCY ON REAL, PERSONAL AND OPERATING PROPERTY
    63-1007.  REDEMPTION -- EXPIRATION OF RIGHT. (1) After the issuance of a
tax deed, real property may be redeemed only by the record owner or owners, or
party in interest, up to the time the county commissioners have entered into a
contract of sale or the property has been transferred by county deed. In order
to redeem real property, the record owner or owners, or party in interest
shall pay any delinquency including the late charges, accrued interest, and
costs, including, but not limited to, title search and other professional
fees. The property taxes accrued against such property subsequent to the
issuance of a tax deed to the county shall be extended upon a valuation to be
given by the assessor upon application of the tax collector. The property
taxes shall be computed according to the authorized levies for the year or
years to be extended, including the current calendar year which shall be
calculated using the previous year's levies until the current levies are
authorized.
    (2)  Should such payments be made, a redemption deed shall be issued by
the county tax collector into the name of the redemptioner and the rights,
title and interest acquired by the county shall cease and terminate; provided
however, that such right of redemption shall expire one (1) year from the date
of issuance of a tax deed to the county, in the event the county commissioners
have not extinguished the right of redemption by contract of sale or transfer
by county deed during said redemption period. In the event a tax deed is
issued and payment is not received within one (1) year of the issuance of such
tax deed, then said tax deed to the county is presumptive evidence of the
regularity of all proceedings prior thereto and the fee simple title, after
the issuance of said tax deed, rests in the county.