Taxes, Real Property - As enacted, revises standards for the length of the redemption period for a property subject to a tax sale based on whether the period of delinquency is three years or less or is more than three years. - Amends TCA Section 67-5-2701.

Summary

The bill changes Tennessee law so that the time a property owner has to redeem a parcel sold for unpaid taxes depends on the length of the delinquency. Owners of parcels delinquent three years or less get one year to redeem; owners of parcels delinquent more than three years get only 90 days. The change standardizes redemption timelines for tax sales.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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