Bidding Rules - 2021 Practice Auction Tax Certificate Auction
If you are not completely familiar with the statutes governing tax liens in this state, read the “Tax Certificate Process” document located at the left of the home page. It is a plain English summary of the law and will only take ten minutes to read. Remember, the purchase of a certificate does not convey title to the land. While purchasing tax certificates is generally a good investment, there is some risk. Understand the risks and employ the “buyer beware” philosophy.
Review the Summary of Important Dates below.
Register. You will create your own User Name and Password as part of the process. A $25.00 non-refundable registration deposit is required to access the website.
As a batch closes, you may see the results for that batch by clicking “Results” on the website menu. Click the “Sold To” link on the auction results page to display all bids on that item along with other useful information. After seeing results, you can change your bids in any unclosed batches.
- Payment for certificates won will be accepted by ACH only. Please ensure your financial institution will allow an ACH debit to your account before placing bids.
Summary of Important Dates
|Allow foreign bidder registrations||No|
|Single simultaneous bidder rule||No|
|Bidding style||Random Draw|
|0 value bids use proxy system||No|
|Automatic certificate rollup / rollup fee||---||---|
|Auction Dates and Times|
|Registration begins (site opens)**||01/04/2021 at 10:00 AM CT|
|Deposits, Registration fees and Budgets begin||01/04/2021 at 10:00 AM CT|
|Bidding begins||01/04/2021 at 10:00 AM CT|
|Deposits, Registration fees and Budgets end||02/16/2025 at 2:00 PM CT|
Pay the registration fee
Enter ACH Redemption Information
|Participation Requirements Due Date||12/31/2024 at 11:00 PM CT|
|Registrations end||12/31/2024 at 11:00 PM CT|
|First batch closes||01/14/2021 at 3:00 PM CT|
|Batch closing interval||N/A|
|Last batch closes||01/15/2021 at 3:00 PM CT|
|Auxiliary batch opens||N/A|
|Auxiliary batch closes||N/A|
|Payment due date||01/15/2025 at 3:00 PM CT|
|Budget, Deposit and Payment Information|
|Deposit or Budget required (% of estimated winnings)||5%|
|Minimum deposit amount||$500.00|
|Registration Fee Refundable||No|
|Registration Fee Applied to Winnings||No|
|Deposit / Payment types acceptable:||Deposits||Payments|
|ACH auto-debit final payment||---||No|
|Redemptions available via ACH?||Yes|
|Public computers available||Public Library|
|** Subject to change. The site will open when approved by the County.|
For an explanation of any of the terms above, please visit the FAQs.
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