Public sale by county commissioners of certificates of sale; notice
Sec. 6.1. (a) The county commissioners may:
(1) by resolution, identify properties:
(A) that are described in section 6.7(a) of this chapter; and
(B) concerning which the county commissioners desire to offer
to the public the certificates of sale acquired by the county
under section 6 of this chapter;
(2) publish notice in accordance with IC 5-3-1 of the date, time,
and place for a public sale of the certificates of sale that is not
earlier than ninety (90) days after the last date the notice is
published; and
(3) sell each certificate of sale covered by the resolution for a
price that:
(A) is less than the minimum sale price prescribed by section
5(e) of this chapter; and
(B) includes any costs to the county directly attributable to the
sale of the certificate of sale.
(b) Notice of the list of properties prepared under subsection (a)
and the date, time, and place for the public sale of the certificates of
sale shall be published in accordance with IC 5-3-1. The notice must:
(1) include a description of the property by parcel number and
common address;
(2) specify that the county commissioners will accept bids for the
certificates of sale for the price referred to in subsection (a)(3);
(3) specify the minimum bid for each parcel;
(4) include a statement that a person redeeming each tract or item
of real property after the sale of the certificate must pay:
(A) the amount of the minimum bid under section 5(e) of this
chapter for which the tract or item of real property was last
offered for sale;
(B) ten percent (10%) of the amount for which the certificate
is sold;
(C) the attorney's fees and costs of giving notice under
IC 6-1.1-25-4.5;
(D) the costs of a title search or of examining and updating the
abstract of title for the tract or item of real property; and
(E) all taxes and special assessments on the tract or item of
real property paid by the purchaser after the sale of the
certificate plus interest at the rate of ten percent (10%) per
annum on the amount of taxes and special assessments paid by
the purchaser on the redeemed property; and
(5) include a statement that, if the certificate is sold for an
amount more than the minimum bid under section 5(e) of this
chapter for which the tract or item of real property was last
offered for sale and the property is not redeemed, the owner of
record of the tract or item of real property who is divested of
ownership at the time the tax deed is issued may have a right to
the tax sale surplus.
As added by P.L.170-2003, SEC.3.
Last modified: May 28, 2006