Surfing the Web • Chapter 12 ½ 2
Chapter 12: deeds
Surfing the Web
Read the FAQ about Florida Tax Deed Sales at http://www.hillsclerk.com/content/financials/tax_deeds/tax_deed_sales_faq.htm :
1. What are successful bidders required to do?
2. What happens if a property receives no bids?
Go to the Solano County, California, Recorder’s Office website (http://www.solanocounty.com/Department/Department.asp?NavID=65 ) and click on Forms & Publications.
In the claim for homeowner’s property tax exemption:
3. What is the time for filing?
In the claim for base year value transfer – acquisition by public entity:
4. What additional documentation must be included with the application?
See next page for answers
Answers
1. What are successful bidders required to do?
Post a $200 nonrefundable deposit at the conclusion of the bidding for the parcel. The deposit must be made in cash or by cashier's check payable to Richard Ake, Clerk of the Circuit Court. If paying by cash, the amount must be exact. If the $200 deposit is not paid by the successful bidder at the conclusion of a parcel's sale, then the bidding on that parcel will begin again at the base bid amount.Payment in full must be made within 24 hours from the advertised time of the sale. Payment must be made in cash or by cashier's check. If full payment is not received for a property bid at auction, it will be re-advertised and placed up for auction at the next scheduled sale. Checks must be payable to Richard Ake, Clerk of the Circuit Court.
2. What happens if a property receives no bids?
Properties for which no bids are received at the auction are placed on the "Lands Available for Taxes" list. The County may at any time within the first 90 days from the day the property is placed on the list, purchase the property for the opening base bid. After the 90 day period is over, anyone can come and purchase the property for the base bid, accrued interest, and any taxes due, plus documentary stamps, recording and indexing fees.
3. What is the time for filing?
The full exemption is available if the filing is made by 5 p.m. on February 15. If a claim is filed between February 16 and 5 p.m. on December 10, 80 percent of the exemption is available.
The full exemption (up to the amount of the supplemental assessment), if any, is available providing the full exemption has not already been applied to the property on the regular roll or on a prior supplemental assessment for the same year. To be applied the filing must be made by 5 p.m. on the 30th day following the Notice of Supplemental Assessment issued as a result of a change in ownership or completed new construction.
If a claim is filed after the 30th day following the date of the Notice of Supplemental Assessment, but on or before the date on which the first installment of taxes on the supplemental tax bill becomes delinquent, 80 percent of the exemption available may be allowed. Thereafter, no exemption is available on the supplemental assessment.
4. What additional documentation must be included with the application?
A copy of the last tax bill received on the taken property, and a certified copy of one of the following:
• Final order of condemnation
• Order for possession
• Recorded deed showing acquisition by a public entity
• Judgment of inverse condemnation
• Such other document which clearly indicates the name of the acquiring agency, the date condemnation proceedings began, and the date of possession by the acquiring agency
Larsen • Real Estate Principles and Practices