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Property Tax - Tax Sale

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1. What is a tax sale?

Parcels of property that have delinquent taxes may be auctioned by the city or the county to settle such taxes. Note if one pays the county taxes, the city remains able to auction the property if the city taxes are delinquent.

2. What is the date and time of the annual tax sale auction?

The tax sale auction is held in October of each year.

3. Where and when will the auction/sale be advertised?

The auction/sale is advertised in the local newspaper.

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.

6. Is it possible to register by mail?

No, you can't register by mail.

7. What type of payment is required at auction?

Cash, money order, or check is required at the time of the sale to settle the auction price.

8. What type of bidding process is 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. Note, if the county is auctioning
the property and city taxes are also unpaid then those taxes must be satisfied or
the property will be auctioned at a later date by the city.

11. Is there a redemption period before I can take possession once a property is acquired through your tax sale, and if so, what is the redemption period?

The new owner cannot take possession of the property until one year from the date the confirmation of sale is filed unless the court has reduced the redemption period to as little as 30 days.

12. If there is a redemption period, does the investor earn interest during the redemption period? If so, what is the annual interest rate?

There is an annual interest rate of 10% earned on the property during the redemption period.

13. If a foreclosure is necessary, will the city assist in this matter?

No. The city does not assist with foreclosures.

14. Will I receive a document to verify the purchase?

Will it be a deed or a certificate of lien? You will receive a receipt showing the amount you paid. At the end of the redemption period, the city will issue a deed.

15. Do you allow investors to invest at your tax sales without attending the tax sale?

No, we don't allow investors to invest at your tax sales without attending the tax
sale.

16. Is a current list of available properties or liens available?

The available properties are published 2-3 weeks before the tax sale. You may obtain a copy by contacting the newspaper.

17. Is a copy of the county and state statutes and rules regarding the tax sale available for purchase from the City?

No, a copy of the county and state statutes and rules regarding the tax sale
are not available for purchase from the City.

18. Would you please place me on your mailing list if you have one?

No, the city does not maintain a mailing list.

19. When will the list of unsold /un-bid property be available?

There is rarely property remaining after an auction that hasn't been bid on and sold. If there is any property that was not sold or bid on, the one year redemption period applies to the city.