HRS §231-67
Tax deed and right to buy back the property
After a tax sale, the state must give the buyer a deed and record it within 60 days. The former owner can buy the property back within one year by paying the buyer what they paid, plus costs and 12% yearly interest. If the deed is recorded late, the buyback period extends, but no extra interest is charged for that extension.
buyershomeowners
The statute, as written — Tax liens; tax deed; redemption
The state tax collector or the state tax collector's assistant, on payment of the purchase price, shall make, execute, and deliver all proper conveyances necessary in the premises and the delivery of the conveyances shall vest in the purchaser the title to the property sold; provided that the deed to the premises shall be recorded within sixty days after the sale; provided further that the taxpayer may redeem the property sold by payment to the purchaser at the sale, within one year from the date thereof, or if the deed shall not have been recorded within sixty days after the sale, then within one year from the date of recording of the deed, of the amount paid by the purchaser, together with all costs and expenses which the purchaser was required to pay, including the fee for recording the deed, and in addition thereto, interest on such amount at the rate of twelve per cent a year, but in a case of redemption more than one year after the date of sale by reason of extension of the redemption period on account of late recording of the tax deed, interest shall not be added for the extended redemption period.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.