HB 1663 — Revenue and taxation; ad valorem tax; delinquent tax; sale procedures; online procedures; effective date.

ENGROSSEDAn Act ENROLLED HOUSE BILL NO.

Cantrell of the House and Frix and Seifried of the Senate 5 7 An Act relating to revenue and taxation;

BESUBJECT: IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

Revenue and taxation BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

The owner of any real estate, or any person having a legal or equitable interest therein, may redeem the same at any time before the execution of a deed of conveyance therefor by the county treasurer start of the resale auction by paying to the county treasurer the sum which was originally delinquent including interest at the lawful rate as provided in Section 2913 of this ENGR.title and such additional costs as may have accrued;

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1663 Page 1 title and such additional costs as may have accrued;

The county treasurer, according to the law, shall give notice of the resale of such real estate by publication of said notice once a week for four (4) consecutive weeks preceding such ENGR.sale, in some newspaper, having been continuously published one hundred four (104) consecutive weeks with admission to the United States mails as second-class mail matter, with paid circulation and published in the county where delivered to the mails, to be designated by the county treasurer;

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1663 Page 2 sale, in some newspaper, having been continuously published one hundred four (104) consecutive weeks with admission to the United States mails as second-class mail matter, with paid circulation and published in the county where delivered to the mails, to be designated by the county treasurer;

It shall not be necessary to set forth the amount of taxes, penalties,ENR. interest and costs accrued each year separately, but it shall be sufficient to publish the total amount of all due and unpaid taxes, penalties, interest and costs.

The county treasurer ENGR.

1663 Page 32 shall,penalties, atinterest leastand thirtycosts (30)accrued dayseach prioryear toseparately, suchbut resaleit of real estate, give notice by certified mail, by mailing to the record owner of said real estate, as shown by the records in the county assessor's office, which records shall be updatedsufficient based on real property conveyed after October 1 each year, and to allpublish mortgageesthe oftotal recordamount of saidall realdue estate a notice stating the time and placeunpaid method,taxes, thepenalties, timeinterest and, if in person, place of said resale and showingcosts. the legal description of the real property to be sold.

The county treasurer shall, at least thirty (30) days prior to such resale of real estate, give notice by certified mail, by mailing to the record owner of said real estate, as shown by the records in the county assessor's office, which records shall be updated based on real property conveyed after October 1 each year, and to all mortgagees of record of said real estate a notice stating the time and place method, the time and, if in person, place of said resale and showing the legal description of the real property to be sold.

Beginning on April 24, 2008, no encumbrancer of real property in this state shall be permitted to file any ENGR.instrument purporting to encumber real property in any county of the state with any county clerk unless the instrument states on its face the mailing address of such encumbrancer.

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1663 Page 4 instrument purporting to encumber real property in any county of the state with any county clerk unless the instrument states on its face the mailing address of such encumbrancer.

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1663 Page 3 B.

ENGR.C.

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1663 Page 5 C.

"Nuisance property" shall be defined as property that is deemed unmarketable or unusable due to the existence of liens in excess of the property's fair market value as shown by the county assessor's office or due to environmental problems or conditions that exist on the property that would cost more to remedy than the fair market value of the property as shown by the county assessor's office, or property in which abatement ENGR.liens have been placed upon the property by a municipality in excess of twenty-five percent (25%) of the property's fair market value as shown by the county assessor's office.

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1663 Page 6 liens have been placed upon the property by a municipality in excess of twenty-five percent (25%) of the property's fair market value as shown by the county assessor's office.

The said nuisance property determination may be made at any time during the year,ENR. including before or immediately after the June resale.

In the case of a nuisance property that has liens from a city or town, if a minimum bid is not made, the city or town shall be credited a bid on the property equal to the amount of the lien of the city or town if its intention to do so is made known to the county treasurer prior to the sale or at the sale.

In the case of a nuisance property with liens from a city or town, if a minimum bid is not made, the nuisance property shall be bid off in the name of the city or town if its intention to do so is made known to the county treasurer prior to the sale or at the sale.