What type of bidding process is used?
• Minimum Bids are established for each sale property. The Bid includes current and delinquent Real Estate Taxes, associated Penalties, Interest and Costs, in addition to the Realty Transfer Taxes (*), Recording Fee, Deed Preparation and Prothonotary Fee, as well as any other fees incurred. Auction bidding may be competitive due to number of interested buyers. Properties are sold to the highest Bidder. * The Transfer Tax is equal to the Assessed Value multiplied by the Common Level Ratio Factor and 2% (2 1/2% for Kingston Borough and 3% for Wilkes-Barre City).
