446.32 - PAYMENT OF SUBSEQUENT TAXES BY PURCHASER.
446.32 PAYMENT OF SUBSEQUENT TAXES BY PURCHASER. The county treasurer shall provide to the purchaser of a parcel sold at tax sale a receipt for the total amount paid by the purchaser after the date of purchase for a subsequent year. Taxes for a subsequent year may be paid by the purchaser beginning fourteen days following the date from which an installment becomes delinquent as provided in section 445.37. Notwithstanding any provision to the contrary, a subsequent payment must be received and recorded by the treasurer in the county system no later than five p.m. on the last business day of the month for interest for that month to accrue and be added to the amount due under section 447.1. However, the treasurer may establish a deadline for receipt of subsequent payments that is other than five p.m. on the last business day of the month to allow for timely processing of the subsequent payments. Late interest shall be calculated through the date that the subsequent payment is recorded by the treasurer in the county system. In no instance shall the date of postmark of a subsequent payment be used by a treasurer either to calculate interest or to determine whether interest shall accrue on the subsequent payment.
Section History: Early Form [C73, § 889; C97, § 1434; C24, 27, 31, 35, 39, § 7266; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, S81, § 446.32; 81 Acts, ch 117, § 1229]
Section History: Recent Form 91 Acts, ch 191, §83; 93 Acts, ch 73, §10; 2006 Acts, ch 1070, §25, 31 Referred to in § 420.246, 446.45, 447.1
Footnotes 2006 amendment to this section takes effect April 20, 2006, and applies to parcels sold at tax sales held on or after June 1, 2006; 2006 Acts, ch 1070, §31