Knox County, Texas, conducts tax sales to recover unpaid property taxes and return delinquent properties to productive use. These public auctions typically held monthly, allow buyers to acquire tax-defaulted properties while giving the original owners an opportunity to redeem their property.
A list of available properties, including legal descriptions and minimum bid amounts, is published before the auction.
Minimum bids cover delinquent taxes, penalties, interest, and associated costs.
Bidding Process:
Properties are sold to the highest bidder during the public auction. Winning bidders must make immediate payment, typically in certified funds or cash.
Post-Sale Procedures:
Successful bidders receive a Tax Deed or Sheriff’s Deed, depending on the county’s process.
Properties are subject to a redemption period, during which the original owner can reclaim the property by paying the necessary amounts.
Key Considerations
As-Is Sale: They sell the properties “as-is,” with no warranties regarding title or condition. Buyers should perform due diligence, including title searches and property inspections, before bidding.
Redemption Period: Texas law provides a redemption period for tax-sale properties:
Homestead and Agricultural Properties: 2 years.
Other Properties: 6 months.
Additional Taxes: Buyers may need to pay any taxes not included in the minimum bid amount.
Knox County’s tax sales provide opportunities for buyers to acquire tax-defaulted properties while allowing the county to recover unpaid taxes. However, prospective bidders should conduct thorough research and understand the legal responsibilities and risks associated with purchasing tax-sale properties. For more information, contact the Knox County Appraisal District or the Knox County Tax Assessor-Collector’s Office. Proper preparation ensures a smooth and informed bidding experience.
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Explore our auction calendar for key dates, and don’t miss the next tax sale! Need help or have questions? Book a call now to connect with an expert who will guide you through the process. Browse our free resources for valuable tips, answers, and strategies to make smart, informed investments.
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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
Knox County
Knox County, Texas, conducts tax sales to recover unpaid property taxes and return delinquent properties to productive use. These public auctions typically held monthly, allow buyers to acquire tax-defaulted properties while giving the original owners an opportunity to redeem their property.
Tax Sale Process
Tax sales are generally held on the first Tuesday of each month between 10:00 a.m. and 4:00 p.m.
Auctions are conducted at the Knox County Courthouse in Benjamin, Texas.
Check out our Auction Calendar for scheduled auctions.
A list of available properties, including legal descriptions and minimum bid amounts, is published before the auction.
Minimum bids cover delinquent taxes, penalties, interest, and associated costs.
Properties are sold to the highest bidder during the public auction. Winning bidders must make immediate payment, typically in certified funds or cash.
Successful bidders receive a Tax Deed or Sheriff’s Deed, depending on the county’s process.
Properties are subject to a redemption period, during which the original owner can reclaim the property by paying the necessary amounts.
Key Considerations
As-Is Sale: They sell the properties “as-is,” with no warranties regarding title or condition. Buyers should perform due diligence, including title searches and property inspections, before bidding.
Redemption Period: Texas law provides a redemption period for tax-sale properties:
Homestead and Agricultural Properties: 2 years.
Other Properties: 6 months.
Additional Taxes: Buyers may need to pay any taxes not included in the minimum bid amount.
How to Participate
Review property listings and perform necessary research to understand potential risks and value.
Be present at the Knox County Courthouse on the scheduled date and time to bid on properties.
Pay the required amount immediately after winning a bid to finalize the purchase.
Useful Links
Knox County’s tax sales provide opportunities for buyers to acquire tax-defaulted properties while allowing the county to recover unpaid taxes. However, prospective bidders should conduct thorough research and understand the legal responsibilities and risks associated with purchasing tax-sale properties. For more information, contact the Knox County Appraisal District or the Knox County Tax Assessor-Collector’s Office. Proper preparation ensures a smooth and informed bidding experience.
Need A Hand?
Explore our auction calendar for key dates, and don’t miss the next tax sale! Need help or have questions? Book a call now to connect with an expert who will guide you through the process. Browse our free resources for valuable tips, answers, and strategies to make smart, informed investments.
Sign up or log in to view the full content.
Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.