78th Texas Legislature, Regular Session, House Bill 1125, Chapter 510 Page: 1 of 5
5 p.View a full description of this legislative document.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
CHAPTER 510 H.B. No. 1125
1 AN ACT
2 relating to the period for the redemption of a mineral interest sold
3 for unpaid ad valorem taxes at a tax sale.
4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
5 SECTION 1. Sections 34.21(a), (b), (c), and (e), Tax Code,
6 are amended to read as follows:
7 (a) The owner of real property sold at a tax sale to a
8 purchaser other than a taxing unit that was used as the residence
9 homestead of the owner or that was land designated for agricultural
10 use when the suit or the application for the warrant was filed or
11 the owner of a mineral interest sold at a tax sale to a purchaser
12 other than a taxing unit, may redeem the property on or before the
13 second anniversary of the date on which the purchaser's deed is
14 filed for record by paying the purchaser the amount the purchaser
15 bid for the property, the amount of the deed recording fee, and the
16 amount- paid by the purchaser as taxes, penalties, interest, and
17 costs on the property, plus a redemption premium of 25 percent of
18 the aggregate total if the property is redeemed during the first
19 year of the redemption period or 50 percent of the aggregate total
20 if the property is redeemed during the second year of the redemption
21 period.
22 (b) If property that was used as the owner's residence
23 homestead or was land designated for agricultural use when the suit
24 or the application for the warrant was filed, or that is a mineral
Upcoming Pages
Here’s what’s next.
Search Inside
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
Texas. Legislature. House of Representatives. 78th Texas Legislature, Regular Session, House Bill 1125, Chapter 510, legislative document, June 20, 2003; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth158085/m1/1/: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.