What is the amount required to redeem tax-defaulted property?

The amount needed to redeem tax-defaulted property in full is the sum of the following: 

  • The total amount of unpaid taxes for all delinquent years. 
  • A 10% penalty on every unpaid installment. 
  • A $20 cost for each unpaid 2nd installment. 
  • Monthly interest of 1 1/2% of the unpaid taxes as of the accrued date. 
  • A $15
    State Redemption Fee
  • Additional costs added after five years.

Show All Answers

1. What will happen if I do not pay my property taxes on time?
2. What happens if I fail to pay my defaulted taxes?
3. What is the amount required to redeem tax-defaulted property?
4. How do I obtain an estimate of the amount required to redeem my property?
5. Can I redeem one defaulted year separately from other years?
6. What happens if I cannot pay the full redemption amount?
7. How do I start installment plan of redemption?
8. When may I start a payment plan?
9. How often will I be required to make payments on the installment plan?
10. If my installment plan defaults, may I start another one?
11. Do my installment payments cover my current annual taxes?
12. If I'm in foreclosure, who is responsible for the tax bill?