If a state certificate isn't redeemed within 2 years, within how many years must the municipality pay the state?

• A. One year and two years
• B. Two years and three years
• C. Three years and five years
• D. Four years and six years

Answer: (B)

The key idea is the two-stage timeline for tax certificates: there is a two-year period for redemption, and if the certificate isn’t redeemed in that window, the municipality must pay the state within three years. So after the two-year redemption period lapses, the municipality has three more years to discharge the amount to the state. For example, a certificate issued in year 0 with no redemption by end of year 2 would require the municipality to pay the state by the end of year 5. The other options don’t reflect this two-year window followed by a three-year payment deadline.