Iowa SF2313 amends property tax sale procedures, including bidding, foreclosures, and redemption processes.

Iowa SF2313 revises the procedures for property tax sales, including bidding, foreclosures, and redemption processes. The bill mandates that the lowest interest rate bid wins the auction. It eliminates the registration fee for bidders, instead imposing a fee on the successful bidder. The bill also specifies that the successful bidder must pay the total amount due within 24 hours. It repeals certain sections and establishes new procedures for obtaining title to property after a tax sale.

Iowa SF2313 amends property tax sale procedures, including bidding, foreclosures, and redemption processes.

Iowa SF2313 revises the procedures for property tax sales, including bidding, foreclosures, and redemption processes. The bill mandates that the lowest interest rate bid wins the auction. It eliminates the registration fee for bidders, instead imposing a fee on the successful bidder. The bill also specifies that the successful bidder must pay the total amount due within 24 hours. It repeals certain sections and establishes new procedures for obtaining title to property after a tax sale.