Property tax sales-highest bidder.

WORKING DRAFT
2009
STATE OF
WYOMING
09LSO-0549

HOUSE BILL
NO.
HB0200

Property tax sales-highest bidder.

Sponsored by:
Representative(s) Zwonitzer, Dv. and Anderson, R.

A BILL

for

AN ACT relating to
property taxes; requiring property tax sales to be made to the highest bidder;
specifying the amount to be paid to redeem;
and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.

W.S. 39
‑
13
‑
108
(e)(iii)(B)
and by creating
a
new subparagraph (F)
and 39
‑
13
‑
109(e)(iv)(A)(intro)
are
amended to read:

39
‑
13
‑
108.

Enforcement
.

(e)

Tax sales. The following shall apply:

(iii)

The following shall apply to the time and place of sale, the purchasers, unsold property and the certificate of purchase:

(B)

An
y
person who offers to
S
ale
s
shall be made by public auction, without appraisal, to the highest bidder for cash. The highest bidder whose bid is in an amount at least
sufficient
to

pay the amount of taxes, interest, penalties and costs including charges provided by paragraph (ix) of this subsection due on any real property
is

shall be
considered the purchaser thereof. The purchaser shall immediately pay the county treasurer all amounts due on the real property in the absence of which the real property shall again be offered for sale and the original purchaser disqualified. Any real property which cannot be sold for the amount of taxes, interest, penalties and costs shall be bid in for the county by the county treasurer. Real property bid in for the county shall be assessed each year and taxes placed thereon the same as other real property but shall be placed on a separate assessment roll and the valuation shall not be included in the county valuation. A list of the property shall be sent to the board on the first Monday in July for statistical purposes;

(F)

All amounts paid by the purchaser
referenced
in subparagraph (B) of this paragraph in excess of the taxes, interest,
penalties
and costs, including the charges provided by paragraph (ix) of this subsection, due
, shall be considered
and distributed the same as tax monies collected from similar property in the county.

39
‑
13
‑
109.

Taxpayer remedies
.

(e)

Redemption. The following shall apply:

(iv)

A person redeeming real property from a person holding a certificate of purchase shall pay the following amounts, excluding attorney's fees, before being entitled to a certificate of redemption:

(A)

The amount
for which the property was sol
d
of taxes, interest, penalties and costs, including charges provided by
W.S.
39
‑
13
‑
108(e)(ix), paid by the purchaser

at the tax sale, or in the case of a partial redemption, the amount allocated by the county assessor to the portion being redeemed, including the charges provided by W.S. 39
‑
13
‑
108(e)(ix)(A) and (B) plus:

Section 2.

Th
is act is effective July 1, 2009
.

(END)

1
HB0200