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Patrick Williams (HB 256) Act No. 436
Present constitution provides that property sold at a tax sale is redeemable for three years
after the sale by paying the price given, plus costs, a 5% penalty, and interest at 1% per
month until redemption.
Present constitution provides that in the city of New Orleans, abandoned or blighted property
shall be redeemable for 18 months after the date of recordation of the tax sale.
Proposed constitutional amendment retains present constitution but adds a provision that in
parishes other than Orleans, vacant residential or commercial property which is blighted or
abandoned as defined in present law, shall be redeemable for 18 months after recordation of
the tax sale by payment as provided in present constitution.
Provides for submission of the proposed amendment to the voters at the statewide election
to be held Nov. 4, 2014.
Effective Jan. 1, 2015.
(Adds Const. Art. VII, ยง25(B)(3))