§ 15-6-425 — Assessments; general tax certificates subject thereto; foreclosure; interest

Wyoming § 15-6-425

• Jurisdiction: Wyoming
• Title 15: Cities and Towns
• Ch. 6: LOCAL IMPROVEMENTS
• Art. 4: ASSESSMENTS AND BONDS GENERALLY

Text

(a) The holder of any certificate of sale or delinquency
for general taxes, before commencing any action to foreclose the
lien, shall:
(i) Pay in full all local assessments or installments
outstanding against the whole or any portion of the property
included in the certificate; or
(ii) Proceed to acquire title to the property subject
to certain or all local assessment liens thereon, in which case
the complaint, decree of foreclosure, order of sale, sale,
certificate of sale and deed shall so state.
(b) If the holder pays the local assessments, he is
entitled to twelve percent (12%) interest per year on that
amount from the date of payment.
(c) In any action to foreclose a lien for general taxes
upon any property, a copy of the complaint shall be served on
the treasurer of the city or town in which the property is
located within five (5) days after it is filed. If any property
is struck off to or bid in by the county at any sale for general
taxes, and the property is subsequently sold by the county, the
proceeds of the sale shall first be applied to discharge in full
the lien or liens for general taxes for which the property was
sold. The remaining proceeds, or the amount necessary, shall be
paid to the city or town to discharge all local assessment liens
upon the property. Any surplus shall be distributed among the
proper county funds.