Form Adv: Ld-2 - Application For Purchase Of Land Sold To State Of Alabama For Delinquent Taxes (2011) Page 2
Download a blank fillable Form Adv: Ld-2 - Application For Purchase Of Land Sold To State Of Alabama For Delinquent Taxes (2011) in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Adv: Ld-2 - Application For Purchase Of Land Sold To State Of Alabama For Delinquent Taxes (2011) with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2How To Read The Transcript of Tax Delinquent Property
NAME
CO.
YR.
C/S#
A.V. ST.TAX
CO.TAX
MUN.TAX
FEES INTEREST ADV.COST TOTAL ASSESS. MUN.
CLASS
CODE
DOE JOHN RICHARD
01
89
1234
1000
6.50
20.00
35.00
10.00
3.69
25.00
100.19
2
33
The first line of each record contains the NAME the property was assessed in when it sold for its taxes; the county code, CO.; the year the
property sold to the state, YR.; the certificate of sale number assigned by this office, C/S#; the assessed value of the property for the year
taxes were first not paid, A.V.; the net state tax due for the year taxes were first not paid, ST.TAX; the net county tax for the year taxes
were first not paid, CO.TAX; the net municipal tax due for the year taxes were first not paid, MUN.TAX; the officers’ fees charged by the
various county officials in connection with the sale, FEES; the interest accumulated on the taxes due up until the day of sale, INTEREST;
the advertising costs incurred in connection with the sale, ADV.COST; the total sale price of the property to the state, TOTAL (this is the
price that the state “paid” for the property, not the price for which the state will “sell” the property); the assessment class applied to the
property for the year taxes were first not paid (class 2 – 20% of appraised value; class 3 – 10% of appraised value; class 4 – some combina-
tion of 10% and 20% assessment), ASSESS. CLASS; and the code assigned by the assessor’s office indicating what city the property is in,
MUN. CODE.
SHE TAX CHE TAX MHE TAX OLD PARCEL NO.
NEW PARCEL NO.
DESCRIPTION
.00
.00
.00
01234567890123456789
01234567890123456789012
BEG AT NW COR SW 1/4 S1 T2S R3E TH E 210’ S 210’ W
210’ N 210’ TO POB
(or maybe something like)
LOT 1 BLK 2 CEDAR CREEK RIDGE S/D
The second line of each record contains the state tax exempted due to the property being the homestead of the person assessed to, SHE
TAX; the county homestead exempt tax, CHE TAX; the municipal homestead exempt tax, MHE TAX; the parcel identification number
assigned by the county tax assessors mapping department (this is a good way to find out where the property is – take this number to the
county mapper and ask to see the tax ownership map), OLD PARCEL NO. or NEW PARCEL NO., generally the one with the fewest
zeros; a brief and sometimes incomplete legal description of the property either in meets and bounds or lot and block number (sometimes
continued to the third line of the record), DESCRIPTION.
The following statements are made for information purposes ONLY.
No legal, financial, or other professional advice is intended by these statements.
If legal or other expert advice is required, the services of a competent professional person should be sought.
If the state has held a Certificate of Sale less than three years
with interest. There appear to be no provisions that require the
from the date of sale by the county tax collection official, the
former owner on redemption or recovery to reimburse the tax
Certificate will be assigned to the purchaser. If the property is
title holder for the cost of improvements or other expenses made
not redeemed by the three year anniversary of the sale to the
by the tax title holder on sales made by the county tax collector
State, the Certificate holder can surrender the original assigned
prior to July 1, 2002. On sales by the county tax collector made
Certificate to the county redemption official and receive a tax
after July 1, 2002 some expenses made on the property may be
deed upon payment of a nominal issuance fee. If the State has
recouped by the tax title holder. Additionally, in some unique
held a Certificate of Sale more than three years from the date of
situations, persons divesting the tax title holder of their interest
sale by the county tax collection official, a tax deed will be issued
in the property may not have to pay the tax title holder anything.
to the purchaser by the State. Tax deeds are given without war-
It would be advisable for the potential purchaser to thorough-
ranty or covenant of any type; it is the purchaser's responsibility
ly investigate every aspect of the property prior to purchase,
to determine what, if any, interest in the property is actually
including, but not limited to, the location of the property, type of
being purchased. No refunds are made unless the State had no
buildings, if any, on the property, determining what, if any, liens
interest to sell, and then only within two years from the purchase
or encumbrances exist on the property, whether assessment and
date.
sale of the property was properly made, and any other facts
The former owner, or any other person claiming through or
which may be pertinent to the contemplated purchase. A well
under the former owner, has liberal and extensive rights to
informed purchaser should be able to substantially reduce the
redeem or recover property from the tax title holder. Upon a
risk associated with the purchase of tax delinquent property.
redemption or recovery the person redeeming or recovering the
The perfection of tax title into indefeasible ownership ("good"
property is generally required to deposit with the redemption of
or "merchantable" title) is a very complex process requiring
ficial for the tax title holder's benefit or reimburse the tax title
meticulous compliance with the law. It is recommended that a
holder the amount the tax title holder paid for the property with
competent attorney be consulted in any case where legal ques-
interest plus any subsequent taxes paid by the tax title holder
tions or concerns arise.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form B-a-2 - Application For Cigarette Distributor's License And Tobacco Products (other Than Cigarettes) Or Update To An Existing Application
Financial
Form St-119.2-i - Instructions For Form St-119.2 - Application For An Exempt Organization Certificate
Financial
Form Ct-ifta-2 - Application For International Fuel Tax Agreement (ifta) License Connecticut Carrier - 2016
Financial
Related Categories
Parent category: Financial