What is a County Held Tax Certificate Offering?
County Held Certificate Offering Certificates that dont sell at auction become the property of the County and are offered for public purchase at a time and place announced after the auction ends. The unsold certificates carry an 18% interest rate per Florida Statute beginning on the date the certificate was struck off to the County. When a certificate is purchased from the county the cost to the purchaser is interest at 1 percent per month plus the collection cost to the county of $6.25. This amount becomes the new face amount for the certificate holder/purchaser. After purchased from the county the Tax Certificate is treated the same as those purchased at the sale only with the interest starting in the month it was purchased. Bidders are not required to make a deposit. All bidders are required to set an award (Spending) limit in order to participate.
