Representative Rodgers of Jefferson County has introduced a bill in the Alabama State House to amend the tax sale redemption statute. It is HB 388 Representative Rodger’s bill, if successful, would:
- Reduce the redemption interest rate from 12% to 1% per year for tax auction amounts, interim taxes, insurance premiums, and value of preservation improvements
- Allow for auction interest on only the taxes due at the time of the sale, and not on any surplus bid.
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