Kentucky Statutes 134.549 – Sale and conveyance of land obtained by taxing unit through action on certificate of delinquency — Redemption by taxpayer
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(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.
Effective: January 1, 2010
History: Amended and renumbered, 2009 Ky. Acts ch. 10, sec. 28, effective January 1,
2010. — Amended 2005 Ky. Acts ch. 85, sec. 278, effective June 20, 2005. — Amended 1990 Ky. Acts ch. 27, sec. 13, effective July 13, 1990. — Amended 1966
Ky. Acts ch. 239, sec. 139. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. sec. 4149b-9.
Formerly codified as KRS § 134.510.
(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.
Terms Used In Kentucky Statutes 134.549
- Commissioner: means the commissioner of the department. See Kentucky Statutes 134.010
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Department: means the Department of Revenue. See Kentucky Statutes 134.010
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Real property: includes all lands within the state and improvements thereon. See Kentucky Statutes 134.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(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.
Effective: January 1, 2010
History: Amended and renumbered, 2009 Ky. Acts ch. 10, sec. 28, effective January 1,
2010. — Amended 2005 Ky. Acts ch. 85, sec. 278, effective June 20, 2005. — Amended 1990 Ky. Acts ch. 27, sec. 13, effective July 13, 1990. — Amended 1966
Ky. Acts ch. 239, sec. 139. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. sec. 4149b-9.
Formerly codified as KRS § 134.510.