This bill amends various sections of the Iowa Code concerning property tax sales, focusing on bidding procedures and the foreclosure process for tax sale certificates. Key changes include the introduction of a requirement for bidders to specify the monthly interest percentage they are willing to accept on redemption, capped at 2 percent, and the elimination of the registration fee for bidders, replacing it with a fee for the successful bidder who must pay the total amount due within 24 hours. The bill also updates terminology from "chapter 448" to "chapter 447A" and establishes new procedures for obtaining property titles post-tax sales, including notification requirements for interested parties and provisions for postponing sales for properties primarily used for human habitation.

Additionally, the bill outlines the redemption process, specifying that payments must be received by the treasurer or entered online by the last day of the month, and clarifies the rights of individuals with legal disabilities regarding property possession. It expands the jurisdiction of small claims courts to include actions related to treasurer's deeds and allows for a continuance of up to 30 days for taxpayers demonstrating the ability to redeem their property. The bill mandates a study on the feasibility of a statewide online tax sale system, with recommendations due by January 1, 2027, and repeals several sections of the existing code while detailing the applicability of the new provisions based on the timing of tax sales.

Statutes affected:
Introduced: 321.46, 322G.12, 446.37, 445.1, 420.207, 426A.11, 447.7, 420.243, 420.244, 448.3, 446.35, 446.16, 437A.11, 445.3, 331.553, 446.18, 4.1, 331.361, 446.24, 446.19B, 447.1, 448.15, 447.9, 447.13, 16.91, 631.1, 648.1