42-18054. Tax statements for mortgaged
property
A. If property that is subject to taxation by the county assessor is mortgaged and
the mortgagee, or a person acting for the mortgagee, by the terms of the mortgage
agreement pays the tax on behalf of the mortgagor:
1. The county treasurer, on request, shall mail a statement of taxes due on the
property to the mortgagor, at the mortgagor's last known address, and to the
mortgagee. The tax statement sent to the mortgagor shall be a written document. The tax
statement sent to the mortgagee may be in any form established by the county treasurer.
2. The liability for the tax, and any subsequent interest, fees and penalties, does
not depend on either the mortgagor or the mortgagee receiving the tax statement.
B. When a mortgagee either continues to receive or possesses an unsatisfied tax
statement from the county treasurer after the mortgage is satisfied, the mortgagee shall
either:
1. Return the tax statement to the county treasurer within thirty working days,
together with the last known address of the mortgagor as shown on the records of the
mortgagee.
2. Forward the tax statement or current taxes due information to the mortgagor and
notify the county treasurer of this action.
C. If a mortgagee fails to comply with subsection B, and as a result of the
mortgagee's failure to comply the tax on the mortgagor's property becomes delinquent, the
mortgagee is liable to the mortgagor for all interest and penalties imposed by law for
the delinquent tax.
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