Piedmont Municipal Code § 20.53 Same-Redemption Penalties

Redemption penalties, as used in the preceding section, shall be the sum of the following:

(a) Beginning July first of the year of sale to the City, and the amount of sold taxes at the time of sale, one percent a month for the first year; then, one-half of one percent a month to the time of redemption.

(b) Beginning July first of each subsequent year, on the unpaid taxes for which the property would have been sold to the City in that year if there had not been a previous sale, one percent a month for the first year thereafter; then, one-half of one percent a month to the time of redemption. (Ord. No. 63 N.S., §32; Ord. No. 197 N.S., §5)

If the property is not on the current roll, the tax collector may do either of the following:

(a) Require the the redemptioner pay the current taxes and penalties as if the property were originally on the current roll.

(b) Require the redemptioner to pay the current taxes, penalties and costs along with the amount necessary to redeem. The tax collector shall base his computation of the amount of these taxes on the valuation furnished him by the assessor.

This section is not applicable if the property is not on the current roll because of having been acquired by the City other than by tax deed. (Ord. No. 256 N.S., §1)

Taxation

Upon redemption the tax collector shall issue a certificate of redemption which shall show:

(a) The year of sale and number.

(b) A description of the property.

(c) In detail, the amounts to be paid.

(d) The name of the person making the payment.

(e) The date of redemption. (Ord. No. 256 N.S., §2)

THAN TWELVE YEARS OLD

Any redemption certificate more than twelve years old may be destroyed by the tax collector. Such description shall be approved by the order of the City Council. (Ord. No. 256 N.S., §3)