How does the sale of properties taken because of delinquent property taxes work?
• Each property is appraised. • The sale is advertised in the Journal Times and the Burlington Standard Press. • It is also on the Racine County web site. • A potential buyer must bid on the property. The bid cannot be lower than the minimum bid listed. • The bid must be accompanied by a cashier’s check, money order, certified check, or personal check of 20% down of the amount you are placing in bid. • There is a deadline for submitting bids. When bids are submitted, the date, and time received are noted on the envelope. • No employee of the county treasurer’s office may fill in a bid form for you. • One half hour after the deadline is past, the County Treasurer opens the bid envelopes in the order they are received. This is done, with the public and any other interested parties, in a room in the Courthouse. • The County Treasurer opens the bid and checks all the bidding criteria to be sure it is a legitimate bid. • The County Treasurer will then take the offers to the Finance Committe
