(a) Power of County to hold. If property taxes and any other taxes or charges billed on the property tax bill are not paid on or before January 31of the taxable year for which they were levied, and remain unpaid on the following April 1, the Controller shall proceed under State law to sell on a day in May or June set by the Controller the real property on which the delinquent taxes or charges are due.
(b) Redemption rate of interest. The annual interest rate for redemption of property sold at tax sale is 18%.
(c) Acquisition of property by County. The County may acquire property for public purposes at tax sales the same as if it were a natural person. Departments interested in acquiring property to be auctioned at tax sales shall notify the Purchasing Agent. Subject to the budget limitations of the interested department, the Purchasing Agent shall bid on the property for the interested department.
(1985 Code, Art. 6, §§ 6-101, 6-102, 6-103) (Bill No. 50-96; Bill No. 17-00; Bill No. 51-03; Bill No. 97-12)
State Code reference – Tax-Property Article, §§ 14-808(a), 14-820(b)(2).