Payment of Subsequent Taxes
If the taxes become delinquent the following year(s), holders of tax lien certificates will be sent a notice in July or August, and will have first option to purchase the current year’s unpaid tax lien at that time. Subsequent taxes earn the same interest rate as the certificate amount and begin accruing interest upon receipt of the payment.
Redemption of Taxes
If the owner of the property redeems their tax lien, (ie., pays their taxes), you will receive a check from the Treasurer’s Office which will include the taxes, fees, and interest you purchased at the sale, together with interest that has accrued from the day of the sale to the date of redemption. You are not refunded for any premium bids that were paid.
In January you will be sent a 1099 for any interest earned for the year that the certificate was redeemed. Be sure to let us know if you have a change of address after the sale.
Three years after the date of the tax lien sale, the tax sale buyer may apply for a Treasurer's Deed to the property. A deposit of $500 along with the application form is required. Click here for the Treasurer's Deed Application.
It takes approximately five months for the deed application to be processed. During this time, the Treasurer's Office hires a title company for a List of Parties, sends certified mailings to everyone on the list, publishes a notice in the local newspaper, and sets a deed date.
If the tax lien is not redeemed by 4 p.m. on the deed date, the property is deeded to the tax sale buyer.