Is Duval County Florida Tax Sales Your Gateway to Real Estate Wealth?
Are you aiming to achieve real estate wealth through Duval County, Florida Tax Deed Sales? This guide will show you how to navigate property investments in Duval County, where you can get impressive returns and acquire properties at a fraction of their market value. Whether you’re a seasoned investor or just starting, tax lien and deed investing can offer lucrative opportunities.
Understanding Tax Lien Certificates vs. Tax Deeds
Tax Lien Certificates:
These are sold at annual auctions, typically in June.
Investors bid on certificates starting with an 18% interest rate, which can be bid down.
If the property owner redeems the lien, the investor gets back the investment plus interest.
Tax Deeds:
Held monthly in Duval County.
Properties are auctioned directly to the highest bidder without a redemption period.
Requires a deposit of 5% of the intended bid or a minimum of $200.
Steps to Start Tax Lien or Tax Deed Investing in Duval County, Florida
Research and Understand Local Laws
Knowing the legal framework in your target area is crucial. Each state and county can have different regulations that affect the process and profitability of tax lien and deed investments.
Visit the Local Treasurer’s Website
For Tax Lien Certificates:
Visit the Duval County Tax Collector’s office site.
Navigate to ‘Taxes,’ then ‘Property Taxes,’ and find ‘Tax Sale, Certificates, and Tax Deeds.’
Understanding the sale schedule, parcel inquiry, and other essential details is important. Each auction can have specific rules and dates that you need to be aware of to participate effectively.
Contact the County Office
If you have additional questions, it’s a good idea to contact the county office directly. They can provide the most accurate and updated information regarding tax sales.
Lien Sales Annually Oct – Nov. Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months
10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest.
Redemption Period:
1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period
Online Auction:
Yes
Over the Counter:
No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days
25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year
Redemption Period:
6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties
Online Auction:
The Vast Majority No, but in 2019, Two Counties (Victoria & Orange)
“Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished
Frequency:
Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale.
Interest Rate / Penalty:
N/A
Redemption Period:
N/A
Online Auction:
Very Few
Over the Counter:
Yes Through “Repository” List With County Acceptance
Duval County
Is Duval County Florida Tax Sales Your Gateway to Real Estate Wealth?
Are you aiming to achieve real estate wealth through Duval County, Florida Tax Deed Sales? This guide will show you how to navigate property investments in Duval County, where you can get impressive returns and acquire properties at a fraction of their market value. Whether you’re a seasoned investor or just starting, tax lien and deed investing can offer lucrative opportunities.
Understanding Tax Lien Certificates vs. Tax Deeds
Tax Lien Certificates:
Tax Deeds:
Steps to Start Tax Lien or Tax Deed Investing in Duval County, Florida
Research and Understand Local Laws
Knowing the legal framework in your target area is crucial. Each state and county can have different regulations that affect the process and profitability of tax lien and deed investments.
Visit the Local Treasurer’s Website
For Tax Lien Certificates:
For Tax Deeds:
Check the Auction Sites
Read the Details
Understanding the sale schedule, parcel inquiry, and other essential details is important. Each auction can have specific rules and dates that you need to be aware of to participate effectively.
Contact the County Office
If you have additional questions, it’s a good idea to contact the county office directly. They can provide the most accurate and updated information regarding tax sales.
Important Details
Pro Tips
Attractions and Economic Highlights of Duval County
Popular Attractions
Transportation Infrastructure
Economic Development
Frequently Asked Questions
What is the difference between a tax lien and a tax deed?
How can I start investing in tax liens or deeds in Duval County?
What are the risks involved in tax deed investing?
How often are tax deed auctions held in Duval County?
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