The Internet Tax Lien Sale will be held on November 7, 2013
The 2013 Tax Sale Interest Rate is 10%
Purchasing delinquent tax liens at sale is a popular form of investment.
Here are some facts to help you understand what a tax lien sale investment is, and what it is NOT:
- When you purchase a tax lien sale certificate on property, you become a lien holder on the property. In essence, you loan funds to the owner to pay taxes.
- You purchase the tax lien, NOT the property. In Douglas County, eventual transfer of deed has occurred in less than 1 percent of all purchases.
- Investing in tax liens through purchase at tax lien sale is just that — an investment. The purchase can be thought of in terms of a potentially long range C.D.
- The State Banking Commission determines the rate of return. The annual interest rate is set at nine points above the federal discount rate as of Sept. 1.
The Treasurer’s Office wishes to make it very clear that all sales are made with a “buyer beware” warning. While we make every effort to remove property with bankruptcies, FDIC or RTC connections, we cannot guarantee a property to be buildable or desirable. In any legal proceeding involving a tax lien, Douglas county will not represent the investor.
- The annual Tax Lien Sale will be conducted via an internet auction.
Please visit Realauction.com for all bidding rules, guidelines and registration information.
When does Douglas County hold the tax sale?
Generally the beginning of November.
Where can I obtain a list of the advertised delinquent taxes?
The advertised list is available on our website towards the end of September
Must I be present to purchase liens?
The tax sale will be on the internet through Realauction.com
What are the rules for bidding at your tax sale?
Rules and guidelines will be on the Realauction.com website for review
How many bidders attend the sale?
This is an internet tax sale, there is no limit
What happens to liens that are not sold?
The liens are struck off to the County. A County Held Liens list is available for review on the County Liens tab
How can I learn more about your tax sale?
Please review the Tax Lien Sale Information on our website. Realauction.com will also provide webinars to learn about the internet tax sale
What is the process for applying for a Treasurer’s Deed?
Please review the Treasurer Deed Request and Procedure Form process on our website