(a) To redeem a tax-delinquent parcel with the county collector or the Commissioner of State Lands or to purchase a tax-delinquent parcel at the Commissioner of State Lands' sale, the redeemer or purchaser of the tax-delinquent parcel shall pay all delinquent taxes, plus:(1) Ten percent (10%) simple interest for each year of delinquency;(2) Except as provided in subsection (e) of this section, a ten percent (10%) penalty for each year of the delinquency; and(3) The costs incurred by the county and the Commissioner of State Lands.
(1) Ten percent (10%) simple interest for each year of delinquency;
(2) Except as provided in subsection (e) of this section, a ten percent (10%) penalty for each year of the delinquency; and
(3) The costs incurred by the county and the Commissioner of State Lands.
(b) The penalties and interest shall accrue beginning on October 16 in the year of delinquency.
(c) Payment to redeem a tax-delinquent parcel under this section shall be made by cash or certified funds, including without limitation a credit card, debit card, electronic check, escrow check, money order, cashier's check, or certified bank check if the redemption occurs:(1) Within thirty (30) days before the date of the scheduled tax-delinquent property auction; or(2) Within thirty (30) days before the sale date of the tax-delinquent parcel under bid in an unsold-property auction.
(1) Within thirty (30) days before the date of the scheduled tax-delinquent property auction; or
(2) Within thirty (30) days before the sale date of the tax-delinquent parcel under bid in an unsold-property auction.
(d) The Commissioner of State Lands may approve additional forms of payment by promulgation of rule.
(e) (1) As used in this section, “disabled veteran” means a person described in § 26-3-306(a)(1)(A)(i).(2) A disabled veteran is not subject to the penalty imposed under subdivision (a)(2) of this section when redeeming a tax-delinquent parcel owned by the disabled veteran from the Commissioner of State Lands if the disabled veteran:(A) Submits a letter that meets the requirements stated in § 26-3-306(b)(1)(A) to the Commissioner of State Lands; and(B) Meets all other requirements to redeem the tax-delinquent parcel under § 26-37-310.
(1) As used in this section, “disabled veteran” means a person described in § 26-3-306(a)(1)(A)(i).
(2) A disabled veteran is not subject to the penalty imposed under subdivision (a)(2) of this section when redeeming a tax-delinquent parcel owned by the disabled veteran from the Commissioner of State Lands if the disabled veteran:(A) Submits a letter that meets the requirements stated in § 26-3-306(b)(1)(A) to the Commissioner of State Lands; and(B) Meets all other requirements to redeem the tax-delinquent parcel under § 26-37-310.
(A) Submits a letter that meets the requirements stated in § 26-3-306(b)(1)(A) to the Commissioner of State Lands; and
(B) Meets all other requirements to redeem the tax-delinquent parcel under § 26-37-310.