Iowa Code 569.8 – Title under tax deed — sale — proceeds
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1. Disposition by a county of a parcel acquired by tax deed shall comply with section 331.361, subsection 2 or 3.
Terms Used In Iowa Code 569.8
- deed: is a pplied to an instrument conveying lands, but does not imply a sealed instrument; and the words "bond" and "indenture" do not necessarily imply a seal, and the word "undertaking" means a promise or security in any form. See Iowa Code 4.1
- Deed: The legal instrument used to transfer title in real property from one person to another.
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Purchaser: means a person who enters into a membership camping contract with a membership camping operator and obtains the right to use the campground owned or operated by the membership camping operator. See Iowa Code 557B.1
2. When title to a parcel acquired by tax deed is transferred, the auditor shall immediately record the deed and the assessor shall enter the parcel to be assessed following the assessment date.
3. A parcel the county holds by tax deed shall not be assessed or taxed until transferred.
4. The transfer by a county of a parcel acquired by tax deed gives the purchaser free title as to previously levied or set taxes.
5. The proceeds of the sale shall be credited to the county general fund.