Sale or upset price

Act 171 of 1984, § 301, under SECOND CLASS CITY TREASURER'S SALE AND COLLECTION ACT.

Act 171 of 1984, § 301

Section 301. Sale or upset price.

The treasurer shall fix a minimum price on each property under which no bid shall be accepted. This minimum price shall be sufficient to pay the delinquent taxes, liened and unliened; water rents; sewage service charges; and other municipal claims. Calculation of additional amounts due for other municipal claims and liens, penalties, interest, lien costs and costs of sale will be completed within 30 days and transmitted by the treasurer to the purchaser for payment within 30 days from the date of the treasurer's bill.