IA HSB205

Cities or counties may cancel a tax sale of property containing an abandoned building by filing a verified statement with the county treasurer along with a petition under section 657A.10B seeking title to the parcel

County treasurer must cancel the tax sale in the county system and refund the purchase money to the tax sale certificate holder when proper documentation is received

Refunds to tax sale certificate holders must include interest at 2 percent per month on the sum of the purchase money and any amounts added under Code section 447.1

Interest calculation runs from the date the certificate holder purchased the property until the date of refund, with any partial month counted as a full month

Cancellation must occur prior to the parcel being redeemed under chapter 447 or before a tax deed is issued for the property