Text: HF00704 Text: HF00706 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 446.7, unnumbered paragraph 1, Code 1 2 1997, is amended to read as follows: 1 3 Annually, on thethird Monday in Junedate determined 1 4 pursuant to this section, the county treasurer shall offer at 1 5 public sale all parcels on which taxes are delinquent. The 1 6 sale shall be made for the total amount of taxes, interest, 1 7 fees, and costs due. 1 8 Sec. 2. Section 446.7, Code 1997, is amended by adding the 1 9 following new unnumbered paragraph: 1 10 NEW UNNUMBERED PARAGRAPH. The annual tax sale shall be 1 11 held by a county on the third Monday of the month assigned the 1 12 county by the department of revenue and finance. The 1 13 department of revenue and finance, in consultation with the 1 14 Iowa county treasurers association, shall adopt rules 1 15 establishing the method by which the tax sale months shall be 1 16 assigned to counties. 1 17 Sec. 3. Section 446.16, Code 1997, is amended to read as 1 18 follows: 1 19 446.16 BID – PURCHASER. 1 20 1. The person who offers to pay the total amount due, 1 21 which is a lien on any parcel, for the smallest percentage of 1 22 the parcel is the purchaser, and when the purchaser designates 1 23 the percentage of any parcel for which the purchaser will pay 1 24 the total amount due, the percentage thus designated shall 1 25 give the person an undivided interest upon the issuance of a 1 26 treasurer's deed, as provided in chapter 448. If two or more 1 27 persons have placed an equal bid and the bids are the smallest 1 28 percentage offered, the county treasurer shall use a random 1 29 selection process to select the bidder to whom a certificate 1 30 of purchase will be issued. 1 31 2. The delinquent tax lien transfers with the tax sale 1 32 certificate, whether held by the county or purchased by an 1 33 individual, through assignment or direct purchase at the tax 1 34 sale. The delinquent tax sale lien expires when the tax sale 1 35 certificate expires. 2 1 3. The treasurer may establish and collect a registration 2 2 fee from each purchaser at the tax sale. The fee shall not be 2 3 assessed against a county or city as a purchaser. The total 2 4 of the fees collected shall not exceed the total costs of the 2 5 tax sale. Registration fees collected shall be deposited in 2 6 the general fund of the county. 2 7 EXPLANATION 2 8 This bill provides that the annual delinquent property tax 2 9 sale shall be held throughout the year in months assigned to 2 10 counties by a method established by the department of revenue 2 11 and finance in consultation with the Iowa county treasurers 2 12 association. 2 13 The bill also allows county treasurers to collect a 2 14 registration fee from purchasers at the tax sale to cover the 2 15 cost of the sale. 2 16 LSB 2298HH 77 2 17 sc/sc/14
Text: HF00704 Text: HF00706 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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