Senators gave first-round approval April 9 to a bill that would alter the procedure for purchasing tax sales certificates.<\/p>\n
Currently, property owners who become delinquent on their taxes are subject to a tax sales process. Individuals can pay the delinquent property taxes and receive a lien on the property in return. Investors can purchase the certificates at an annual tax sale.<\/p>\n
LB341, introduced by Lexington Sen. John Wightman, would change the bidding process used in the annual tax sale process. Wightman said the bill would set forth a more uniform procedure.<\/p>\n
\u201cThis is the product of an interim study which called for a comprehensive review of laws governing real property sales,\u201d he said. \u201cThis would update and streamline the process for collecting delinquent taxes.\u201d<\/p>\n
The bill would eliminate the current bid down process used in selling tax certificates and instead implement a round robin format. Bidders would be required to register and pay a $25 fee to participate in the sale.<\/p>\n
LB341 would make several additional changes, some of which include:
\n\u2022 an increase from $10 to $20 for the issuance of a tax certificate;
\n\u2022 a requirement of a property deed certificate for each property, rather than a certificate for multiple properties; and
\n\u2022 elimination of a redundant notice sent by certified mail regarding owner occupied property.<\/p>\n
Following the adoption of a technical amendment, senators advanced the bill on a 32-0 vote.<\/p>\n","protected":false},"excerpt":{"rendered":"
Senators gave first-round approval April 9 to a bill that would alter the procedure for purchasing tax sales certificates. Currently,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[17],"tags":[114],"class_list":["post-11300","post","type-post","status-publish","format-standard","hentry","category-revenue","tag-sen-john-wightman"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/11300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11300"}],"version-history":[{"count":3,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/11300\/revisions"}],"predecessor-version":[{"id":12795,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/11300\/revisions\/12795"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}