Posted: | June 12, 2014 12:46 PM |
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From: | Senator James R. Brewster and Sen. David G. Argall |
To: | All Senate members |
Subject: | Judicial Tax Sales |
In the near future, we plan to introduce legislation that would provide counties with a funding source to deal with blight and abandoned properties. Specifically, our enabling legislation would place a fee, not to exceed 10 percent on the final sale price of a property sold at a judicial sale, with the funds raised used for demolition and property rehabilitation purposes only in that specific county. |
Introduced as SB1442