In Georgia, tax deed sales have a right of redemption that pays 20% if the owner redeems the tax deed within one year. court opinions. An earlier sale in May netted the county over $8,000 in property taxes. This will be the second tax-sale by the Tax Commissioner this year.

After the tax sale, you get a 12-month redemption period during which you may reimburse the purchaser for the amount paid at the sale, plus other amounts, and reclaim your home. Collins-Hooten, 339 Ga.App. § 48-4-5 – Payment of excess The property may be redeemed at any time after the initial 12 months until the tax sale buyer forecloses (or terminates) the right to do so by giving proper notice. When real property is sold at a tax sale, the owner, creditor or any person having an interest in the property may redeem (repurchase) the property from the holder of the tax deed within 12 months. Under the action, the petitioner (tax deed purchaser) makes a request to the court to take jurisdiction over the matter. § 48-4-46 – Form of notice of foreclosure of right to redeem; service; time; return and record; waiver, O.C.G.A. He does this by giving you written notice that your right will expire on a certain date. Tax Commissioner Hampton says that the sale will be a “deed tax sale.” (List of properties to be sold below.) For a tax sale purchaser to gain clear title to your home, he must wait 12 months after the sale and then foreclose on your right of redemption. After foreclosing the right of redemption, it is recommended that the purchaser seek legal advice regarding the petition to quiet title in land, pursuant to O.C.G.A.§ 23-3-60. 756, 761 (2016) (“Although SPS apparently had an interest in the Property at the time of the tax sale that gave it a statutory right of redemption, it is undisputed that SPS’s security deed has now been fully satisfied, and it no longer retains any priority lien on the Property. Interest Rate . After the Right of Redemption is Foreclosed. Moniz, 271 Ga. 50, 518 S.E.2d 407 (1999)] has rendered "ripening by prescription" (O.C.G.A. You can redeem your home up to the expiration date in that notice. Redemption Period. In Georgia, a tax deed purchaser has a defeasible fee-simple interest in the property and it does not give the tax deed purchaser the exclusive rights to possess the property. Each defendant and tenant in possession, if applicable, has been notified of levy time and place of sale. 48-4-48) inapplicable to tax sale purchases in most cases. Properties are sold under the power of a tax sale deed with specific rights of redemption. The answer is yes, Georgia allows delinquent property owners a one-year right of redemption period during which they can redeem the property by paying off their outstanding debt. The redemption price is: The bid amount, Plus any taxes paid by the purchaser after the tax sale, [] … 20%. If you have any questions about your rights with respect to a property that was sold at a tax sale or want to discuss investing in tax sale properties, contact Allie Jett. Only Articles 1 and 3 are excerpted here, because these Articles the ones most often relevant to private purchasers of tax deeds. This back-end work includes the performance of the administrative procedure to foreclose the right of redemption and the filing of a subsequent suit to quiet title. Right of Redemption. Tax Deeds in Georgia are governed by title 48 of the Georgia Code.

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