Property Redemption
RSMO. 140.340
Property sold for delinquent taxes may be
redeemed within one year
from the issuance of a Certificate of Purchase as follows:
- Please advise the Collector's Office at least 24 hours prior to
the date you will be redeeming. We recommend scheduling an
appointment and allowing twenty minutes to process.
- Pay the Collector the amount of the Certificate of Purchase plus
10% annual interest; no interest shall be owing on the excess
(surplus) amount.
- Pay the Collector the amount of subsequent years taxes paid plus
8% annual interest, and;
- Pay the Collector a redemption charge of fifty cents.
In case the party
purchasing said land, his heirs or assigns, fails to take a tax deed for
the land so purchased within six months after the expiration of the one
year next following the date of sale, no interest shall be charged or
collected from the redemptioner after that time.
Property may be redeemed by the owner of record, or on the owner's
behalf. Any tax sale bid amount, which resulted in a surplus amount
above the delinquent taxes, and sales costs paid by the Certificate of
Purchase holder is available for the owner of record. If undisputed, the
surplus amount may be obtained from the Camden County Treasurer.
County commissions shall compel owners or agents to make satisfactory
proof of their claims before receiving their money; provided that no
county shall pay interest to the claimant of any such fund.
The Collector's Office will notify the Certificate of Purchase holder
when the property has been redeemed.
The Certificate of Purchase must be
surrendered to the Collector
before the holder will be reimbursed the
bid amount plus interest. The Collector will deliver a county check to
the Certificate of Purchase holder for the redeemed amount less the
fifty cents redemption fee.
Back to Collector's Main Page
|
|
