In case any assessment is or becomes delinquent and the property subject to the delinquency has been or is to be sold to the municipality for the delinquency, redemption of such property shall be permitted upon payment, not later than six (6) months after the date of sale, of the full amount due plus interest, any taxes paid by the municipality, and accrued costs and redemption fees as may be prescribed by ordinance of the municipality, unless, in the judgment of the governing body of the municipality, the interest of the municipality shall be subserved by accepting a less sum in settlement for the delinquency.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 84 - Central Business Improvement District Act of 1971
Part 4 - Assessments and Damages
§ 7-84-401. Special Assessments
§ 7-84-402. Apportionment of Costs to Property Affected
§ 7-84-405. Assessment of Municipally-Owned Property Authorized
§ 7-84-406. Special Assessment of Municipal Property Not Otherwise Assessed
§ 7-84-408. Schedule of Property Taken or Damaged
§ 7-84-410. Hearing — Board of Review — Board Representation by Attorney
§ 7-84-415. Default in Payment of Installments
§ 7-84-416. Lien on Property Affected
§ 7-84-417. Redemption From Municipality After Foreclosure of Lien
§ 7-84-418. Penalty for Late Payment of Assessment or Installment