HB 2445 Summary

• Extends the redemption period for tax liens by allowing full redemption after three years and before entry of a foreclosure judgment or delivery of a treasurer's deed to the purchaser.

• Requires the county treasurer to conduct public auctions for properties with foreclosed redemption rights rather than directly conveying deeds, with auctions held within six months of judgment entry.

• Sets minimum bid amounts at the property's limited cash value for first auctions and at the amount of taxes, penalties, interest and costs for second auctions if no bids are received.

• Establishes procedures for distributing surplus proceeds from property sales, including notification to former owners and interested parties, with a six-month claims period and five-year availability of unclaimed funds.

• Allows third parties to identify rightful owners or interested parties for surplus monies and claim a fee (up to $500 or 30% of claimed amount) for providing contact information to the county treasurer.