Tax Sale Property

Tax Sale Property

Florida Tax Sale Property Information


Delinquent Taxes
Real estate taxes become delinquent April 1st following the year in which they are assessed. Delinquent taxes must be paid by cashier's check, cash, debit/credit card, electronic check or money order. The date the payment is received in the office determines the amount due. Beginning on or before June 1st, the Tax Collector is required by law to hold a tax certificate sale. Florida Statutes require the Tax Collector to advertise the delinquent parcels in a local newspaper once a week for three consecutive weeks prior to the tax certificate sale. The certificates represent liens on all unpaid taxes on real estate properties.

The sale allows any person to bid for a tax certificate by paying off the owed tax debt. The sale is conducted in reverse auction style with participants bidding downward on interest rates starting at 18 percent. The certificate is awarded to the person who will accept the lowest rate of interest. A tax certificate earns a minimum of 5 percent interest to the investor if the interest amount is less than 5 percent of the face amount of the certificate. NO interest is earned for those certificates awarded at a "zero interest bid".

A tax certificate, when purchased, becomes an enforceable first lien against the real estate. The certificate holder is actually paying the taxes for a property owner in exchange for a competitive bid rate of return on his/her investment. In order to remove the lien, the property owner must pay the Tax Collector all delinquent taxes plus accrued interest, cost, and other charges. Once the certificate is redeemed, the Tax Collector will issue a check to the certificate holder.

A tax certificate is valid for seven years from the date of issuance. The holder may file a tax lien application when two or more years have elapsed since the date of delinquency. If the property owner fails to pay the tax debt, the property will be sold at public auction.

Purchase County Certificates
Investors may purchase certificates currently held by the County. An excel spreadsheet of the outstanding certificates may be created by clicking All Outstanding Certificates. The certificates can be identified by the number 998 in column A. The certificates are available for purchase at an interest rate of 18% annually.

After compiling a list of desired certificates, your request should be submitted to the Tax Collector’s email address WebTax@thecountyfl.gov. Within two business days of receipt of your request, we will send you an email stating the status of the certificate and amount required for the purchase.

Purchase County Certificates
Investors may purchase certificates currently held by the County. An excel spreadsheet of the outstanding certificates may be created by clicking All Outstanding Certificates. The certificates can be identified by the number 998 in column A. The certificates are available for purchase at an interest rate of 18% annually.

After compiling a list of desired certificates, your request should be submitted to the Tax Collector’s email address. Within two business days of receipt of your request, we will send you an email stating the status of the certificate and amount required for the purchase.

Finally, complete and submit a registration and W-9 form along with the check made payable and mail to Tax Collector.


Florida Tax Sale Property Summary

Redemption Period

2 years

Interest Rate

18%

Florida tax lien auctions

Most county tax lien sales are in May and June

Florida tax deed sales

Florida also conducts many tax deed sales

Bidding Process

All tax lien auctions are by competitive bid.






E-mail: info@tax-lien-certificates.net