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2003 SESSION

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SB 735 Conveyance of real estate for delinquent taxes or certain liens.

Introduced by: W. Roscoe Reynolds | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Conveyance of real estate for delinquent taxes or certain liens. Provides that real estate for which there are delinquent taxes may be conveyed to the locality if the real estate has a value of $20,000 or less and such taxes alone exceed 25 percent of the value of the real estate. This bill is identical to HB 2277.

SUMMARY AS PASSED SENATE:

Conveyance of real estate for delinquent taxes or certain liens. Provides that real estate for which there are delinquent taxes may be conveyed to the locality if the real estate has a value of $20,000 or less and such taxes alone exceed 25 percent of the value of the real estate.

SUMMARY AS INTRODUCED:

Conveyance of real estate for delinquent taxes or certain liens. Provides that real estate for which there are (i) delinquent taxes or (ii) certain liens for removal, repair or securing of a building; the removal of litter; or the cutting of grass or weeds, such real estate may be conveyed to the locality if the real estate has a value of $20,000 or less and such taxes, liens, penalties, and interest exceed 25 percent of the value of the real estate. This would change current law, which requires that such taxes, liens, penalties, and interest exceed 50 percent of the value of the real estate and that the value of the real estate not exceed $20,000.