Are you considering applying for an Alabama tax redemption affidavit after failing to fulfill your tax obligations? Before you do, read this article to understand the process.
To prepare an Alabama tax redemption affidavit, you will need to know what it is and where you need it for tax redemption in the state of Alabama.
What is an Affidavit?
An affidavit is a written declaration made under oath. The person making the affidavit must sign it in front of a notary public or other person authorized by law to administer oaths and swear that the information in the affidavit is accurate to the best of his or her knowledge.
What is tax redemption?
A tax redemption is the process of a taxpayer repaying taxes that they owe to the government. This can be done through a variety of methods, such as making a lump-sum payment, setting up a payment plan, or filing for an offer in compromise.
Taxpayers who are unable to pay their taxes may also be able to take advantage of tax amnesty programs, which can provide relief from penalties and interest.
What is Alabama Tax Redemption Affidavit?
An Alabama Tax Redemption Affidavit is a document used by the owners of property that has a tax lien against it to redeem (pay off) the debt and remove the lien.
The affidavit must be filed with the county probate office where the property is located. The owner must also pay all taxes and interest due, as well as any fees associated with filing the affidavit.
Once the debt is paid in full, the lien will be removed from the property and the owner will be able to sell or borrow against it without having to first pay off the tax debt.
How to Fill Alabama Tax Redemption Affidavit
The Alabama Tax Redemption Affidavit is a form that must be completed by the property owner and the tax purchaser in order for the owner to redeem their property taxes.
The form must be notarized and filed with the county tax assessor’s office. The tax redemption affidavit is effective for three years from the date it is filed.
An application form must be attached to the affidavit and this can be obtained from the Probate Judge’s office. You can read more here.
If you need a copy of the Alabama tax redemption affidavit and application click the links below.
1. Alabama Tax Redemption Affidavit (Madison County)
2. Alabama Tax Redemption Application Form (Sample)
It is however advised that you seek the advice of a licensed attorney due to the complexity of the laws and procedures surrounding tax redemption.