The City of Pineville, Louisiana

DO I BECOME THE OWNER OF PROPERTY, PURCHASED AT A TAX SALE, IMMEDIATELY OR IS THERE A WAITING PERIOD?

NOT IMMEDIATELY! When property is purchased at a tax sale the original owner has a three year period in which he may redeem his property by paying the original sale amount, including applicable fees, the 5% buyer’s premium, and 1% per month interest. The redemptions are handled by the City of Pineville.