What happens if a property receives no bids?
Properties for which no bids are received at the auction are placed on a “Lands Available for Taxes” list. Florida Statute 197.502 states that the County may, at any time within the first 90 days from the day the property is placed on the list, purchase the property. After the ninety-day period is over, anyone can purchase the property. Interest continues to accrue on the opening bid amount through the month of a sale of land purchased from this list. Also, documentary stamps and recording/indexing fees must be paid.
