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NC H449
Bill
Status
Introduced
3/23/2011
Primary Sponsor
Mitchell Setzer
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AI Summary
- Increases the administrative fee for in rem tax foreclosure notices from $50.00 to $250.00 per G.S. 105-375(c)(5)
- The increased fee covers costs of mailing, publication, and administrative expenses associated with tax lien foreclosure proceedings
- Fee must be paid by the taxpayer to the taxing unit when taxes are collected or property is sold
- Effective date is July 1, 2011 and applies to in rem foreclosure proceedings commenced on or after that date
Legislative Description
Increase In Rem Foreclosure Fee
Last Action
Ref To Com On Finance
3/24/2011
Committee Referrals
Finance3/24/2011
Full Bill Text
No bill text available