Do I become the owner of the property immediately, or is there a waiting period?

There is a waiting period (redemption period) of one year for 1st and 2nd sales, during which time the owner of the property can redeem your interest in the property by paying to the Collector the amount of your original investment, any subsequent taxes you have paid, plus interest.  They are also required to pay for the title report and mailing fees incurred by the purchaser after March 1st.  The redemption money will be paid to you by the Collector, in exchange for the Certificate of Purchase. For 3rd sales the waiting period is 90 days past the notification dates. NOTE: The tax sale purchaser is solely responsible for submitting all receipts to the Collector immediately upon completion of title search and mailings in order to be reimbursed if the property is redeemed.

Show All Answers

1. Does Jefferson County sell properties which have delinquent taxes due?
2. How do I register to bid on tax sale properties?
3. How many properties are offered at the Jefferson County sale?
4. How do I get a list of properties that will be offered?
5. How do I buy tax sale properties?
6. When and where is your tax sale held?
7. When and where am I required to pay if I am the successful bidder?
8. What forms of payment are accepted of the successful bidder?
9. Do I become the owner of the property immediately, or is there a waiting period?
10. What is a Certificate of Purchase?
11. When can the tax sale purchaser take possession of the property?
12. What rate of interest do I earn on my investment if the property is redeemed?
13. How do I get a Collector’s deed for the property?