How Clay County, Florida, Conducts Tax Sales

Clay County, Florida, has a structured process for handling unpaid property taxes that allows investors to bid on tax certificates and, in some cases, acquire the properties themselves. Here’s a detailed look at how it works and what to expect.

Tax Certificate Sales in Clay County

Delinquent Taxes:

Property taxes become delinquent on April 1, incurring a 3% penalty.

Check out our Auction Calendar for scheduled auctions.

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Delinquent taxes not paid by April 30 are advertised in a local newspaper once a week for three weeks in May.

Online Auction:

The Tax Collector holds an online Tax Certificate Sale on or before June 1. Instead of purchasing the property, bidders buy certificates representing liens on the property. Bidding starts at an 18% interest rate and decreases as participants compete to offer the lowest rate they will accept. The certificate is awarded to the bidder with the lowest rate.

Redemption Period:

Property owners have up to two years to redeem the certificate by paying the owed taxes plus the auctioned interest rate. If they do not redeem, the certificate holder can proceed with a tax deed application.

Tax Deed Sales in Clay County

Requesting a Tax Deed:

After two years, certificate holders can apply for a tax deed. This process prompts the sale of the property to satisfy the lien. Check out our Auction Calendar for scheduled auctions

Online Auction by the Clerk:

The Clerk of Court manages these sales online. The opening bid typically includes unpaid taxes, accrued interest, and additional costs.

Property Condition:

Properties are sold “as-is” without guarantees about title or condition, making due diligence critical for participants.

Key Considerations for Participants

1. Thorough Research:
   
   Check for existing liens, verify the property’s status, and ensure you understand the auction’s terms.
2. Deposits and Registration:
   
   Bidders must register online and may need to submit a deposit before participating in a tax deed sale.
3. Surplus Funds:
   
   The original owner or other entitled parties may claim the excess funds if the property sells for more than the taxes owed

Useful Links

• Auction Calendar
• Comprehensive Guide to Florida’s Deed Auction Process and Key Requirements
• Discover the intriguing world of Hybrid Auctions
• Discover Tax Deeds and how you can find property for as little as $50! 
• Want to get started with Tax Liens? Watch this video!
• Explore the lucrative world of Florida Tax Liens and Deeds

Need A Hand?

Review the Auction Calendar for more upcoming sales . Don’t miss out on the chance to participate and discover new opportunities. If you’re unfamiliar with the process or need guidance, consider booking a call with us so we can help you through each step. Additionally, explore free online resources to expand your knowledge and enhance your investment strategies

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