IN HB1090

Allows county auditors to remove properties from tax sale lists if taxpayers enter written payment agreements with county treasurers, with full payment due no later than the last business day before July 1 of the year after the agreement is signed.

Permits counties to adopt ordinances allowing property sales at reduced minimum bids of 75% of gross assessed value instead of the standard minimum bid amount.

Allows counties to adopt ordinances waiving interest and penalties on delinquent property taxes that were due before January 1, 2012, if taxpayers pay all delinquent amounts and current taxes by July 1, 2013.

Extends the redemption period for unsold properties when county treasurers and property owners agree to mutually satisfactory payment arrangements, with the extended period expiring one year after the agreement date.

Modifies tax sale notice requirements to include statements about penalty waivers and ordinances adopted under the bill, and updates cross-references to reflect new subsection numbering for minimum bid calculations.