(a) The owner of any real property sold at a tax sale, any purchaser of such property from the owner, or any mortgage or judgment creditor may within twelve months from the day of such sale redeem the property by paying to the Greenville County Tax Collector the taxes, assessments, penalties, cost and expenses of the sale, together with eight percent interest on the whole amount of the delinquent tax sale bid.

(b) Upon redemption, the Greenville County Tax Collector shall cancel the sale in the tax sale book and note thereon the amount paid, by whom and when. The successful purchaser, at the tax sale, shall promptly be notified by mail to return the tax sale receipt to the Greenville County Tax Collector in order to be refunded the purchase price, plus interest, as provided above. (Prior code § 1-5-43)