Practice Quiz

Florida Real Estate Exam

Category - Florida

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Which of the following is most correct concerning delinquent taxes and redemption rights?

  1. The important effect of a “sale to the state” by the tax collector is to start the redemption period running, but the delinquent owner’s possession remains undisturbed
  2. The homeowner is required to make monthly installment payments to liquidate the delinquent property taxes and accrued penalties which are owed
  3. In the event the delinquent owner transfers or otherwise alienates the property the redemption period is automatically terminated
  4. The property is automatically deeded to the state if the property is not redeemed within one year
Explanation
Answer A - The important effect of a “sale to the state” by the tax collector is that it starts the redemption period running; however, the delinquent owner’s possession remains undisturbed for five years.

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