134.549 Sale and conveyance of land obtained by taxing unit through action on

237 words·~1 min read·/ky/134-549

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

certificate of delinquency -- Redemption by taxpayer.

(1)After the state, county, and taxing districts obtain real property as authorized by

KRS 134.546, the designated agent of the commissioner may advertise and sell at

public sale any of the lands, and the commissioner may convey the lands by deed to

the purchaser. The commissioner shall, within thirty

(30)days from receipt of

payment, pay to the county and taxing district the amount of the proceeds due each.

The department shall be entitled to an administration fee equal to fifteen percent

(15%) of the sale price of the property, which shall be paid into the delinquent tax

fund provided for in KRS 134.552.

(2)The sales shall be advertised by a written or printed notice posted at the courthouse

door for fifteen

(15)days before the date of sale, and by publication pursuant to

KRS Chapter 424, and may in addition be advertised by printed handbills posted for

fifteen

(15)days before the date of sale in three

(3)or more conspicuous places in

the taxing districts.

(3)Any real property acquired by the state, county, and taxing districts pursuant to KRS

134.546 may be redeemed at any time before the commissioner gives a deed to a

purchaser, by paying to the county clerk the amount due at the time the property was

acquired, plus subsequent costs and interest at the rate of twelve percent (12%) per

annum.