State Codes and Statutes
Statutes > Alabama > Title40 > Chapter10 > 40-10-186Section 40-10-186
Purchase price.
(a) The purchase price for a tax lien shall be the amount of delinquent taxes plus any fees and costs incurred by the tax collector as of the date of the sale.
(b) The purchase price for a tax lien shall be paid to the tax collector in cash or immediately available certified funds not later than one hour before close of business on the date of the sale.
(c) The purchase price for a tax lien received by the tax collector shall be credited to the tax collector for purposes of calculating commissions, if any, on taxes collected by the tax collector pursuant to Section 40-5-4.
(Acts 1995, No. 95-408, p. 864, §8.)