HB22 Alabama 2010 Session

Summary

Primary Sponsor

Joseph C. Mitchell

Democrat

Session

Regular Session 2010

Title

Property sold for nonpayment of taxes, rate of interest required for redemption reduced, Secs. 40-10-121, 40-10-122 am'd.

Summary

HB22 lowers the interest rate charged to redeem property sold for nonpayment of Alabama taxes and updates related redemption rules.

What This Bill Does

It would reduce the interest rate payable to redeem tax-sold land and keep the existing deposits and fees structure for redemption. It preserves the requirement to deposit the sale amount, delinquent taxes, interest, costs, and fees with the probate judge, and allows online redemption. It adds special rules for urban renewal areas, including payments for insurance premiums and the value of improvements, and maintains the valuation and protest process via the county board of equalization; it becomes effective for tax years beginning October 1, 2010.

Who It Affects

• Property owners or their agents who redeem land that has been sold for unpaid taxes, who would face a lower interest rate and must meet deposit and payment requirements.
• Purchasers of redeemed property and municipalities, especially those in urban renewal areas, who are affected by new rules on additional payments (insurance, improvements) and the valuation/appeal process.
• County probate judges, tax assessors, and boards of equalization who administer deposits, assessments, protests, and valuation for redemption

Key Provisions

• Amends Sections 40-10-121 and 40-10-122 to reduce the interest rate charged for redemption of tax-sold property.
• Redemption requires deposit with the probate judge of the sale amount, taxes due, interest, costs, and fees; online payment is allowed, with a $0.50 probate fee for services.
• For urban renewal or redevelopment areas, the redemption must include payments for insurance premiums and the value of permanent and preservation improvements, with specific valuation and dispute resolution procedures (protests, referees, and umpire).
• Residential properties have additional requirements for insurance and preservation improvements, also subject to value disputes and referee/umpire processes.
• Defines permanent and preservation improvements, sets procedures to determine their value, and provides a dispute resolution process if parties disagree on value.
• Maintains the board of equalization’s role to review and fix assessed values for years after the sale, with notice and hearing requirements and certification to the probate judge.
• Effective for tax years beginning on or after October 1, 2010.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Property, Real and Personal