By: Flores H.J.R. No. 93
73R1573 SOS-D
A JOINT RESOLUTION
1-1 proposing a constitutional amendment to reduce the period for
1-2 redemption of certain property sold at a tax sale.
1-3 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Article VIII, Section 13, of the Texas
1-5 Constitution is amended to read as follows:
1-6 Sec. 13. (a) Provision shall be made by the <first>
1-7 Legislature for the speedy sale, without the necessity of a suit in
1-8 Court, of a sufficient portion of all lands and other property for
1-9 the taxes due thereon, and every year thereafter for the sale in
1-10 like manner of all lands and other property upon which the taxes
1-11 have not been paid; and the deed of conveyance to the purchaser for
1-12 all lands and other property thus sold shall be held to vest a good
1-13 and perfect title in the purchaser thereof, subject to be impeached
1-14 only for actual fraud; provided, that the former owner shall within
1-15 the period provided by Subsection (b) of this section <two years
1-16 from date of the filing for record of the Purchaser's Deed> have
1-17 the right to redeem the land on the following basis:
1-18 (1) Within the first half <year> of the redemption
1-19 period upon the payment of the amount of money paid for the land,
1-20 including One ($1.00) Dollar Tax Deed Recording Fee and all taxes,
1-21 penalties, interest and costs paid plus not exceeding twenty-five
1-22 (25%) percent of the aggregate total;
1-23 (2) Within the last half <year> of the redemption
1-24 period upon the payment of the amount of money paid for the land,
2-1 including One ($1.00) Dollar Tax Deed Recording Fee and all taxes,
2-2 penalties, interest and costs paid plus not exceeding fifty (50%)
2-3 percent of the aggregate total.
2-4 (b) The redemption period for property that was the
2-5 residence homestead of the former owner at the time of the sale is
2-6 two years from the date of filing for record of the deed of
2-7 conveyance to the purchaser, and the redemption period for all
2-8 other property is the 180 days after that date.
2-9 SECTION 2. This proposed constitutional amendment shall be
2-10 submitted to the voters at an election to be held November 2, 1993.
2-11 The ballot shall be printed to provide for voting for or against
2-12 the proposition: "The constitutional amendment reducing from two
2-13 years to 180 days the period for redemption of property that was
2-14 sold at a tax sale and that was not the residence homestead of the
2-15 former owner at the time of the sale."