Clark County, Washington Tax Sales

Clark County, Washington, handles unpaid property taxes through an annual tax foreclosure auction. This process ensures overdue taxes are collected while property owners are given a chance to settle their debts. Let’s break it down in simple steps to understand how it works.

What Happens When Taxes Go Unpaid

If property taxes remain unpaid for three or more years, the county starts the foreclosure process. For example, taxes due in 2021 must be paid by 2024 to avoid foreclosure.

The Treasurer’s Office notifies property owners about the overdue taxes. These notices include steps needed to avoid foreclosure. Interest and penalties keep adding up until the full amount is paid.

The Foreclosure Process

To officially start foreclosure, the Treasurer’s Office files a Certificate of Delinquency with the Superior Court.

• Property owners can stop foreclosure by paying all taxes, penalties, interest, and foreclosure costs in full.
• Partial payments or payment plans are not allowed during this stage.

Check out our Auction Calendar for scheduled auctions.

How the County Prepares for the Auction

The county organizes one tax foreclosure auction each year, typically in early February.

1. Eligible properties are listed on the county’s website and the Bid4Assets platform.
2. Listings include parcel numbers, addresses, and minimum bid amounts.
3. To participate, buyers must register on Bid4Assets. They also need to pay a $2,500 deposit and a $35 processing fee.
4. Auction rules and payment terms are provided, and participants must follow them.

How the Auction Works

The auction happens online via Bid4Assets, so you can bid from anywhere.

• Bidding starts at an amount covering all unpaid taxes, interest, penalties, and foreclosure costs.
• The highest bidder wins the property. They must pay the total purchase price, including a 5% buyer’s premium, by the deadline.

After the Auction

Winning bidders must act quickly after the auction.

1. Payment must be completed within the given timeframe, usually a few business days.
2. Once payment is verified, the Treasurer’s Office transfers ownership through a Treasurer’s Deed.
3. The Treasurer’s Deed does not guarantee the property’s condition or a clear title. Buyers take on all risks.
4. Unsold properties become tax title properties. These may be sold in future auctions or through private negotiations.

Key Tips for Buyers

Here are some essential things to know before bidding:

• Research Thoroughly: Check the legal status, condition, and any liens or encumbrances on the property.
• Understand the Rules: The county sells properties “as is,” and all sales are final. Make sure you review the auction rules and deadlines.
• Be Prepared: Ensure you have the funds and knowledge to complete the purchase.

Useful Links to Help You

• Auction Calendar
• Investing in Washington Tax Sales
• Let’s talk about Tax deeds and how you can profit from them!
• Discover Tax Deeds and how you can find property for as little as $50! 

Take Action Today

Check out the Auction Calendar to avoid missing the next tax sale. If you’re unsure about the process, book a call now and get expert advice to guide you step-by-step. Check out our free resources for tips and insights that can help you make informed decisions. Take control of your opportunities today.

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