Bill > HB1932

This bill amends Tennessee Code Annotated, Section 67-5-2701, to change how long a property owner has to "redeem" (buy back) their property after it has been sold due to unpaid taxes. Previously, the redemption period was a set amount of time. Now, the length of this redemption period will depend on how long the taxes were delinquent. If the property was delinquent for three years or less, the owner will have one year from the date the sale is officially confirmed to redeem it. However, if the taxes were delinquent for more than three years, the owner will only have ninety days from the confirmation of the sale to redeem the property. This change is intended to take effect on July 1, 2026, and will apply to any tax sale confirmations occurring on or after that date.