All real properties sold to the Borough pursuant to Chapters 8.04 through 8.28 and 19.16 FNSBC shall be held by the Borough for a period of at least one year from and after the date of the judgment and decree of foreclosure, unless sooner redeemed. During the redemption period, any person having an interest in the property at the date of the judgment and decree of foreclosure, or any beneficiary or devisees of such person, or any person holding a perfected lien on the property may redeem the property by payment of the full amount applicable to the property under the judgment and decree, with interest thereon as provided by law, and the costs charged against such property. Property so redeemed shall be subject to assessment for taxation during the period of redemption, as though it had continued in private ownership. (Ord. 2019-09 § 2, 2019; Ord. 2017-69 § 4, 2018; Ord. 2014-15 § 9, 2014; Ord. 85-054 § 10, 1985; Ord. 69-8, 1969. 2004 Code § 3.36.010.)