{"data":{"id":"us-ky/krs-65.375","jurisdiction":"us-ky","citation":"KRS 65.375","heading":"Conditions under  which  authority to take title to tax-delinquent","body":"properties.\n(1) If any party obtains a judgment against a tax-delinquent property within the\ncounty for the taxes and, to satisfy the judgment, the property is ordered sold at\na tax sale pursuant to KRS  91.504 or other provision of the Kentucky Revised\nStatutes, if no person bids an amount equal to the full amount of all tax bills,\ninterest, and costs owing on the property at the sale, the authority shall be\ndeemed  to have bid the full amount of all tax bills, interest, and costs due to all\nparties of the authority regardless of whether or not they are all parties to the\nlawsuit. The authority shall not be required to make actual payment to the court\nfor the amount deemed  to have been bid. The court, notwithstanding any other\nprovision of law, shall treat the amount deemed  to have been bid as cash\nreceived. Upon proper motion by the authority, the court shall make a deed of\nthe property to the \"Land Bank Authority.\" The title to the property shall be an\nabsolute estate in fee simple, free and clear of all tax bills, interests, and costs\nowing to the parties of the authority but shall be subject to rights of way of\npublic utilities on which tax has otherwise been paid and subject to any right of\nredemption of the United States of America, if any.\n(2) At the time that the authority sells or otherwise disposes of property obtained\npursuant to this section as part of its land bank program, the proceeds from the\nsale shall be distributed as follows:\n(a) The party or parties bringing the action that resulted in the acquisition of\nthe property by the land bank authority shall be reimbursed, to the extent\nproceeds are available, for all costs incurred; and\n(b) Any remaining proceeds shall be distributed to the parties in proportion to\ntheir respective tax bills. Conveyance  of a property to a party shall not\nconstitute disposal.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=46461","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:21Z","sha256":"fd20220e075af6393fb43bfcf8c14b332d4fc79c4e92916731a261afc0bca356","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.370","next":"us-ky/krs-65.410"},"notice":"GroundRules: Original legal text. Not legal advice."}