Partnertax.ai
Start free trial →

Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-10-186

Purchase Price

Official textalison.legislature.state.al.us

# (a)

The purchase price for a tax lien shall be the amount as required in Section 40-10-184.

# (b)

The purchase price for a tax lien shall be paid in a form acceptable to the tax collecting official not later than one hour before close of business on the date of the auction or sale or, if the auction is online, not later than the close of business two days following the date of the auction.

# (c)

The purchase price for a tax lien received by the tax collecting official shall be credited to the tax collecting official for purposes of calculating commissions, if any, on taxes collected by the tax collecting official pursuant to Section 40-5-4.

Last amended: Acts 1995, No. 95-408, p. 864, §8; Act 2018-577, §1; Act 2022-208, §1; Act 2024-324, §1.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 40-10-134 · Manner of Sale of Bid in Lands Owned by State
  2. 40-10-135 · Deed of State on Sale of Land Bid in by State
  3. 40-10-136 · Certification When Land Bid in by State Sold
  4. 40-10-137 · Conveyance to Department of Conservation and Natural…
  5. 40-10-138 · Conveyance to Department of Conservation and Natural…
  6. 40-10-139 · Conveyance to Department of Conservation and Natural…
  7. 40-10-140 · Certification of Sale of Lands Bid in for State
  8. 40-10-141 · Lien and Sale of Property for Unpaid Installments of Taxes…
  9. 40-10-142 · Lien and Sale of Property for Unpaid Installments of Taxes…
  10. 40-10-143 · Lien of Persons Other Than Holders of Legal Title for…
  11. 40-10-160 · When Taxpayer Entitled to Recover
  12. 40-10-161 · Filing Petition
  13. 40-10-162 · Duty of Judge of Probate and Comptroller; Payment by State…
  14. 40-10-163 · Presentation of Petition to County Commission; Payment by…
  15. 40-10-164 · Recovery from Municipalities, Etc
  16. 40-10-165 · Payment by Municipalities, Etc
  17. 40-10-166 · Application of Sections 40-10-164 and 40-10-165
  18. 40-10-180 · Purpose; Choice of Remedy by Tax Collecting Official
  19. 40-10-181 · Definitions
  20. 40-10-182 · Tax Liens Subject to Public Auction or Sale; Notice
  21. 40-10-183 · Tax Lien Auction List
  22. 40-10-184 · Auction Procedures; Winning Bids; No Extinguishment of…
  23. 40-10-185 · Tax Lien Not Required to Be Offered as Being Against…
  24. 40-10-186 · Purchase Price
  25. 40-10-187 · Tax Lien Certificate
  26. 40-10-188 · Record of Tax Lien Auctions and Sales
  27. 40-10-189 · “Holder of Tax Lien Certificate” Defined
  28. 40-10-190 · Lost or Destroyed Tax Lien Certificate
  29. 40-10-191 · Holder of Certificate to Have First Right to Purchase Tax…
  30. 40-10-192 · Distribution of Monies Collected
  31. 40-10-193 · Redemption
  32. 40-10-194 · Certificate of Redemption
  33. 40-10-195 · Redemption by Person Owning Interest Less Than Whole
  34. 40-10-196 · Duties of Tax Collector Once Tax Lien Redeemed
  35. 40-10-197 · Action to Foreclose the Right to Redeem and Quiet Title;…
  36. 40-10-198 · Rights and Remedies of Certificate Holder
  37. 40-10-199 · Retention of Tax Liens Not Sold at Auction; Private Tax…
  38. 40-10-200 · Financial Interest by Certain Officers or Employees in…
  39. 40-10-201 · Tax Lien Auction and Sale Conducted Online or in Person
  40. 40-10-202 · Originals or Certified Copies of Books and Records as Prima…
Full table of contents →