A buyer in Texas is purchasing a property at a tax foreclosure sale. The property was seized for delinquent ad valorem taxes. Which statement is correct about the buyer's title?
Correct Answer
B) The buyer receives a sheriff's deed or constable's deed, and the prior owner has a right of redemption for residential homestead properties
In a Texas tax sale, the buyer receives a sheriff's deed or constable's deed. For residential homestead properties, the prior owner has a right of redemption — generally two years for homestead, agricultural, or mineral properties under Texas Tax Code §34.21. During this period, the prior owner can reclaim the property by paying the purchase price plus a premium.
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More Texas Property Tax Questions
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Previous Question
A Texas homeowner has filed a protest with the Appraisal Review Board. At the hearing, the homeowner presents evidence of recent comparable sales showing lower values. The ARB must make its decision based on which standard?
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Under Texas property tax law, all of the following are categories of property exempt from ad valorem taxation EXCEPT: