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  • Post-Sale Procedures of the Tax Lien Sale

     

    Record of Purchase

    All tax lien certificates are kept in the treasurer’s office, meaning you will receive payment faster when the lien is paid. This also allows for endorsing without the need to find your certificates and mailing them to the office. A list of the certificates you purchased will be emailed to you after the sale.

    Endorsement of Tax Liens

    If taxes for the following year become delinquent, you will be given the opportunity to pay and add them to the certificate(s) you hold. This process, called endorsing, allows you to pay the delinquent taxes and add them to your existing tax lien certificate of purchase without participating in the next tax lien sale. The interest rate you received on your original tax sale purchase will be the same on subsequent taxes. If your certificates are eligible for endorsement, you will be notified by mail in August, the month endorsements are processed.

    Redemption

    When the owner pays his back taxes and redeems the tax lien, the treasurer’s office will process the redemption and send payment to you. You will receive a check, which will include the amount of tax you purchased, plus the interest accrued from the day of sale to the date of redemption. You are not refunded for any premium amount.

    The redemption period is three years from the year of the original tax sale. Certificates sold in 2013 are eligible for application of a treasurer’s deed in 2016.

    Last Updated: 8-26-2013