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1995 SESSION

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SB 913 Sale of tax delinquent property.

Introduced by: Robert L. Calhoun | all patrons    ...    notes | add to my profiles

SUMMARY:

Sale of tax delinquent property. Provides that an owner may terminate a tax sale prior to the date of such sale by entering into a written agreement with the locality to pay all accumulated taxes, penalties, interest, and costs. The agreement may provide for payment of the debt in installments on agreed-upon terms. The obligations under the agreement will be secured by the locality's lien for the unpaid taxes. The locality may record the agreement. Currently, an owner may terminate a tax sale prior to the date of such sale by paying all accumulated taxes, penalties, interest, and costs. The bill is a recommendation of the Virginia Housing Study Commission.


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