Tax Sale Properties

Tax Sale Properties
Get property address, owner's name, location map, tax amount owed and more.

What are Tax Sale Properties?
The forced sale of properties by a government agency to recover unpaid taxes.

About Tax Sale Properties
The source of all tax sale properties are governmental agencies responsible to recoup unpaid taxes from delinquent property owners. To ensure a fair market value is obtained and not to favor specific buyers, the process is usually open to the public. It starts with the posting of notices, informing the public of the impending sale, including information on the properties being sold, location of sale and means of sale. These notices are usually run for a specific period of time and can be found in local news papers, journals and governmental publications.

A tax sale property is sold at auction to the highest bidder who is not legally disqualified. In some jurisdictions, the delinquent property owner can benefit from a statutory right of redemption which allow a repurchase of the auctioned property. However, if this right is not exercised within the prescribed delay, the buyer will have unfettered ownership of the property.

Buying tax sale properties can reap big profits for buyers and investors that are cautious and knowledgeable. Any property being considered for purchase should be carefully inspected, as most delinquent real estate owners are negligent of proper maintenance and repairs. An unaccounted for roof replacement or a leaking oil tank can significantly affect the value of the real estate. Another consideration is future market conditions, which may point to declining demand and/or lower property prices. What initially looks like a great buy, may not look so good in a few months with a market downturn and piling carrying costs.

Looking for tax foreclosed properties in your area?

Other topics of interest
Tax Lien Sales
Tax Deed Sales