What interest rate is applied to the payment of delinquent tax within one year from the date of sale?

The correct answer is based on specific regulations concerning delinquent taxes. When a property has been sold due to unpaid taxes, and the owner or responsible party pays the delinquent amount within one year of the date of sale, an interest rate of 2% per month is typically applied. This rate is meant to encourage prompt payment and provide a clear financial framework for taxpayers who may wish to settle their debts quickly after a tax sale.

The interest accumulates on the unpaid amount and is designed to not only compensate for the time value of money but also to deter taxpayers from delaying their payments. The choice of 2% per month reflects a balance between incentivizing timely resolutions and recognizing the financial implications of delinquency.