If my property is sold at the Delinquent Tax Sale, what happens to any leftover money after the taxes, penalties, levy costs and interest are paid?
The Delinquent Tax Collector creates a “balance-in-trust” when the bid amount exceeds the delinquent taxes, penalties, levy costs and current year’s taxes. If the property is conveyed to the bidder, the defaulting taxpayer is entitled to the balance-in-trust. If the delinquent taxpayer redeems the property, the bid amount plus interest is returned to the bidder.
Related Questions
- If my property is sold at the Delinquent Tax Sale, what happens to any leftover money after the taxes, penalties, levy costs and interest are paid?
- What is a Tax Sale? What happens to a property if it is sold at Tax Sale and can I get my property back?
- How Much Money does the Owner have to Pay to Redeem the Property Sold At a Tax Sale?
