Tennessee TAX SALE-Procedure For Redemption of Property After Tax Sale

• Category: Tennessee Local County - Hamilton - Chancery Court - Real Property
• State: Tennessee
• Control #: TN-SKU-0630
• Format: PDF

Description

TAX SALE-Procedure For Redemption of Property After Tax Sale Tennessee TAX SALE-Procedure For Redemption of Property After Tax Sale is a process in which a property owner can reclaim a property from a tax sale by paying the delinquent taxes, interest, penalty, and other fees. The process is initiated by filing a Petition of Redemption with the county trustee's office at least 60 days after the tax sale. The types of redemption available depend on the type of tax sale that occurred. In Tennessee, there are three types of redemption: ordinary, special, and delinquent. Ordinary Redemption: This type of redemption is available to the property owner prior to the tax sale. It allows the owner to pay the current year’s delinquent taxes, interest, and penalty, plus a redemption fee. Special Redemption: This type of redemption is available for six months after the tax sale. It allows the owner to pay the delinquent taxes from the year of the sale, plus interest, penalty, and a redemption fee. Delinquent Redemption: This type of redemption is available for two years after the tax sale. It allows the owner to pay the delinquent taxes from the year of the sale, plus interest, penalty, and a redemption fee. In order to complete the redemption process, the owner must pay the county trustee’s office the total amount due within a specified period of time. If the owner does not pay the amount due in time, the sale will be deemed final and the owner will lose the right to redeem the property.

Tennessee TAX SALE-Procedure For Redemption of Property After Tax Sale is a process in which a property owner can reclaim a property from a tax sale by paying the delinquent taxes, interest, penalty, and other fees. The process is initiated by filing a Petition of Redemption with the county trustee's office at least 60 days after the tax sale. The types of redemption available depend on the type of tax sale that occurred. In Tennessee, there are three types of redemption: ordinary, special, and delinquent. Ordinary Redemption: This type of redemption is available to the property owner prior to the tax sale. It allows the owner to pay the current year’s delinquent taxes, interest, and penalty, plus a redemption fee. Special Redemption: This type of redemption is available for six months after the tax sale. It allows the owner to pay the delinquent taxes from the year of the sale, plus interest, penalty, and a redemption fee. Delinquent Redemption: This type of redemption is available for two years after the tax sale. It allows the owner to pay the delinquent taxes from the year of the sale, plus interest, penalty, and a redemption fee. In order to complete the redemption process, the owner must pay the county trustee’s office the total amount due within a specified period of time. If the owner does not pay the amount due in time, the sale will be deemed final and the owner will lose the right to redeem the property.