SB 398 Summary

• Requires county auditors to submit tax deeds directly to county recorders for recording and charge purchasers the appropriate recording fee.

• Mandates that tax sale certificates include a statement that taxes, special assessments, interest, penalties, and fees accruing after the tax sale date are liens against the property.

• Changes tax deed petition requirement from permissive ("may") to mandatory ("shall") within six months after the redemption period expires, with failure to timely file resulting in forfeiture of the purchase price.

• Specifies that petitioners must pay all accruing taxes, special assessments, interest, penalties, and fees after the tax sale date to obtain a tax deed.

• Effective July 1, 2013.