A bill for an act relating to cities or counties canceling the sale of property containing abandoned buildings to a tax sale certificate holder.

This bill allows cities or counties to cancel tax sales for properties containing abandoned buildings. If a city or county files a verified petition stating a building is abandoned (per §657A.1), the county treasurer must cancel the sale and refund the tax certificate holder’s purchase price plus 2% monthly interest. It directly affects tax sale certificate holders who bought properties with abandoned buildings before redemption or a tax deed was issued. The refund includes interest on the purchase price and any added costs from §447.1, calculated from the purchase date until payment.