What is a Tax Sale?
Property that has tax bill(s) remaining unpaid for a period of greater than five years becomes subject to a tax sale. The property(s) will be offered for sale at a public auction for a minimum bid. The minimum bid is the amount of taxes owed plus all penalties and costs that have been applied to the property(s). Check this site for upcoming tax sales.
Scarlett O’ Hara, despite working hard to pay taxes on her beloved home Tara, ends up in significant trouble in Gone with the Wind when the taxes are raised to an amount far more than she can afford. This was an occasionally used practice among carpetbaggers and scalawags, after the Civil War; they raised taxes above the level affordable by homeowners in order to acquire their property by paying those taxes. Had Scarlett not stolen her sister’s fiancé and married him, she would not have had the money to pay this new tax, and the property would have been sold by tax sale. Today, raising taxes arbitrarily is not common. Yet failure to pay taxes can result in the government doing all it can to recover amounts owed. This results in two kinds of tax sale, the tax lien sale and the tax deed sale, and a number of different ways in which people can acquire either liens or deeds to property just by paying back taxes (or slightly more) on a property. A tax sale called a tax lien sale occurs when
A tax sale is the legal process that county governments go through in order to sell a property for its unpaid taxes. A notice of tax sale appears in public records and also appears in local newspapers no less than twenty days before each sale. When you buy a property at a tax sale, you are paying the taxes on behalf of the delinquent homeowner . WatchIllinois’ tax sale public records database contain properties which have been already sold for taxes at a previous time, and are about to reach the end of the redemption period WatchIllinois will scan previously recorded Tax Sale public records, as well as new Tax Sale public records as they are added weekly. The redemption expiration period is the date that the person that has the tax lien on the property can actually apply for the deed.
Any property not redeemed by March 15th following the lapse of four years from the date when the property tax became delinquent will be included in the annual real property Tax Sale held in May or June. The Tax Sale listing will be available in the Clerk/Auditor Office and on the internet four weeks immediately proceeding the date of the Tax Sale and will be updated weekly. When will the 2008 Tax Sale be held? Thursday May 21st, 2009 – 10 AM What newspaper is the Tax Sale advertised in? The Tax Sale is advertised in the Ogden Standard Examiner four times, once in each of the four successive weeks immediately preceding the date of the Tax Sale. Redemption Rights Delinquent property may be redeemed on behalf of the record owner by any person at any time prior to the final Tax Sale. All property redeemed three weeks prior to the Tax Sale must be redeemed through the County Treasurer in a form of cash or bank certified funds. A person redeeming the delinquent property must pay to the Treas
An auction of parcels of property that have delinquent taxes. 2. What is the date and time of the annual tax sale auction? The tax sale auction is held October or November of each year. 3. Where and when will the auction/sale be advertised? Local newspapers 4. When are tax sales advertised? The auction list is published once approximately 2-3 weeks before the sale. 5. How and when do you register for the tax sale auctions? There is no registration. You must simply be present to bid. Back to Top 6. Is it possible to register by mail? No, you can’t register by mail. 7. What type of payment is required at auction? Either cash, money order, or check is required at the time of the sale. 8. What type of bidding process are used? This is an open public auction. 9. Will the sales be final? Yes, all sales are final at the auction. 10. Will all other liens be cleared from the property as a result of the sale? All liens except state and federal liens are cleared. 11. Is there a redemption period
