A municipality owning a certificate may allow which form of redemption instead of complete redemption with resolutions?

• A. Redemption in installments
• B. Cash settlement
• C. Partial redemption
• D. Redemption by sale

Answer: (A)

When a municipality holds a tax certificate, it can authorize the owner to redeem the overdue amount not just in a lump sum but through a structured plan—redemption in installments. A resolution can set the terms, including payment schedule and any interest, making it possible to recover the total due over time while keeping the option open for full redemption. This approach helps ensure collection even if the taxpayer can’t pay everything at once.

Cash settlement would require paying the entire amount immediately, which isn’t the flexible option typically granted by a resolution. Partial redemption isn’t the standard mechanism unless specifically allowed, and redemption by sale is a later remedy used when redemption isn’t completed, not a form of redemption granted by resolution.