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House Journal: Page 1433: Tuesday, April 11, 1995

34   paid before April 1 succeeding its maturity, it
35   becomes delinquent from April 1 after due unless,
36   including those instances when the last day of March
37   is a Saturday or Sunday in which case the amount of
38   that installment becomes delinquent from the following
39   Tuesday.  This paragraph does not apply applies
to
40   special assessments or rates or charges all taxes as
41   defined in section 445.1, subsection 6.
42     Sec. 16.  Section 446.15, Code 1995, is amended to
43   read as follows:
44     446.15  OFFER FOR SALE.
45     The county treasurer shall, offer for sale, on the
46   day of the sale offer for sale, each parcel
47   separately, for the total amount due against each
48   parcel advertised for sale.
49     Sec. 17.  Section 446.16, Code 1995, is amended to
50   read as follows:

Page 5

 1     446.16  BID -- PURCHASER.
 2     The person who offers to pay the total amount due,
 3   which is a lien on any parcel, for the smallest
 4   percentage of the parcel is the purchaser, and when
 5   the purchaser designates the percentage of any parcel
 6   for which the purchaser will pay the total amount due,
 7   the percentage thus designated shall give the person
 8   an undivided interest upon the issuance of a
 9   treasurer's deed, as provided in chapter 448.  If two
10   or more persons have placed an equal bid and the bids
11   are the smallest percentage offered, the county
12   treasurer shall use a random selection process to
13   select the bidder to whom a certificate of purchase
14   will be issued.
15     PARAGRAPH DIVIDED.  The delinquent tax lien
16   transfers with the tax sale certificate, whether held
17   by the county or purchased by an individual, through
18   assignment or direct purchase at the tax sale.  The
19   delinquent tax sale lien expires when the tax sale
20   certificate expires.
21     Sec. 18.  Section 446.19, unnumbered paragraph 1,
22   Code 1995, is amended to read as follows:
23     When a parcel is offered at a tax sale under
24   section 446.18, and no bid is received, or if the bid
25   received is less than the total amount due, the county
26   in which the parcel is located, through its board of
27   supervisors county treasurer, shall bid for the
parcel
28   a sum equal to the total amount due.  Money shall not
29   be paid by the county or other tax-levying or tax-
30   certifying body for the purchase, but each of the tax-
31   levying and tax-certifying bodies having any interest
32   in the taxes shall be charged with the total amount
33   due the tax-levying or tax-certifying body as its just
34   share of the purchase price.
35     Sec. 19.  Section 446.20, Code 1995, is amended by
36   adding the following new subsection:
37     NEW SUBSECTION.  3.  This section is remedial and

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

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