§ 427.11 — Grantee or devisee to pay tax

Iowa § 427.11

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 427: PROPERTY EXEMPT AND TAXABLE

Text

If the petitioner or person described in section 427.9 sells any parcel upon which the
taxes, special assessments, and rates or charges, including interest, fees, and costs, have
been suspended, or if any parcel, or any part of the parcel, upon which the taxes, special
assessments, and rates or charges, including interest, fees, and costs, have been suspended,
passes by devise, bequest, or inheritance to any person other than the surviving spouse
or minor child of the petitioner or other person, the total amount due that has been thus
suspended shall all become due and payable with the next semiannual installment of
taxes. Interest shall accrue on the total amount due at the rate of one and one-half percent
per month from the next succeeding delinquency date to the month of payment unless
payment is tendered in full before the delinquency date. Interest does not accrue during the
suspension period on suspended parcels, including those parcels suspended prior to April
1, 1992. The petitioner, or any other person, may pay the suspended amounts at any time
during the suspension period. Except in the case of manufactured or mobile home taxes,
special assessments, or rates or charges, the treasurer may accept a partial payment during
the suspension period with the partial payment first being applied to interest and costs.

Legislative History

[C24, 27, 31, 35, 39, §6952; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §427.11]