The 2022 Volusia County tax certificate sale opens May 11.
Registrations and bids for the online auction may be submitted at LienHub.com and selecting Volusia County. A list of real property with delinquent taxes also will be posted on the site. The sale closes May 31.
On or before June 1 of the same year the taxes become delinquent, the tax collector conducts a public sale of tax certificates for parcels on which taxes have not been paid. The cost to purchase a certificate is listed beside each parcel in the delinquent property tax advertisement. This cost includes gross tax, a 3% fee, advertising costs and the cost of the tax certificate sale.
A tax certificate represents a first priority tax lien on real property. It does not convey title to the land. Tax certificates are investments and not a deed to the property.
Certificate buyers need to be aware there are inherent risks involved with buying tax certificates. Those risks are borne solely by the certificate holder.
Property owners who are delinquent on their property taxes may avoid the issuance of a tax certificate on their property by paying the taxes along with a 3% fee, advertising cost and the cost of the tax certificate sale by May 31. Once a tax certificate is sold on the property, the additional cost to the property owner could be as high as 18% per year.
Once a tax lien or certificate is recorded on the property and the taxes remain unpaid after the tax lien sale for two years, the tax certificate holder may start the tax deed sale process. The property could be sold at auction to the highest bidder.
For more information, visit vctaxcollector.org/taxes or call (386) 736-5938.