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ID S1237
Bill
Status
Passed
2/19/2014
Primary Sponsor
Local Government and Taxation Committee
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AI Summary
- Increases the redemption period for tax deeds from one (1) year to fourteen (14) months from the date of issuance
- Record owners, owners, or parties in interest may redeem property by paying delinquency, late charges, accrued interest, and costs including title search and professional fees
- Redemption right expires if county commissioners have not completed a contract of sale or property transfer by county deed during the redemption period
- After fourteen (14) months without redemption payment, the tax deed becomes presumptive evidence of procedural regularity and fee simple title rests in the county
- Makes a technical correction to Idaho Code Section 63-1007 regarding tax deed redemption procedures
Legislative Description
Amends existing law to increase the amount of time for the right of redemption for a tax deed from one year to fourteen months.
TAX DEEDS
Last Action
Signed by Governor on 02/19/14 Session Law Chapter 15 Effective: 07/01/2014
2/19/2014
Committee Referrals
Judiciary and Rules1/22/2014
Full Bill Text
No bill text available