Authorizes counties to set interest rates for late property tax payments and redemption of property with multiple tax liens.

This bill amends the real property tax law to allow counties to set interest rates for unpaid property taxes and delinquencies. The commissioner of taxation and finance must establish these rates by July 15 each year. The rates cannot be less than twelve percent. The bill also addresses the redemption of property subject to multiple tax liens, specifying that liens must be redeemed in reverse chronological order.

Authorizes counties to set interest rates for late property tax payments and redemption of property with multiple tax liens.

This bill amends the real property tax law to allow counties to set interest rates for unpaid property taxes and delinquencies. The commissioner of taxation and finance must establish these rates by July 15 each year. The rates cannot be less than twelve percent. The bill also addresses the redemption of property subject to multiple tax liens, specifying that liens must be redeemed in reverse chronological order.