Tax liens are sold to purchasers for a fixed rate of interest established on September
(Interest rate for 2008 taxes sold in 2009 is - 10 %)
The Treasurer has broad discretionary power in conducting the sale procedures.
Tax liens are sold in item number order to the highest bidder.
All bidders must have an assigned buyer number.
(register before the sale at the
Treasurers office and fill out all the necessary forms)
Bidding is open to all registered buyers � no rotation process.
Subsequent bids must be in increments of a minimum of $5.00
Items not receiving any bids will be stricken off to
Payments must be made the day of the sale in cash, certified funds or check.
Buyer information and purchases must be entered into our computer system before
an amount due can be determined.
After the sale everyone wants to pay at once so
there can be some delay in determining the amount due. Please be patient.
Do not purchase liens unless you know what you are getting. You might wind up with
something that costs you more than it
will ever be worth. Examples include: small
percentage mineral interests, unbuildable lots, improvements that are in poor condition,
The Treasurers office in no way guarantees the condition or redemption of any item
purchased. Please research each
property before you purchase any item.
The option extended to the previous years tax lien certificate holder to add the
current years lien amount to your certificate
on the same property without paying
a premium. Certificates are endorsed after July 1.
This is the amount bid at the sale which is over and above the amount of the advertised amount due. This amount is not
nor does this amount earn any interest.
The taxpayer becomes free of a tax lien by paying the delinquent taxes plus fees
and interest, the tax lien certificate
buyer is paid the original amount of the
(not including premium) plus accrued interest upon surrendering the tax lien certificate
to the Treasurer.
TAX LIEN CERTIFICATE
The document certifying the buyer of a tax lien from the Lake County Treasurer.
Lake County Treasurer�s Office retains all tax lien certificates.
STRIKE TO THE COUNTY
Tax liens that do not receive any bids at the auction sale are bought by
. These tax liens can be purchased from
the County after the sale has been considered
final. There is no premium charged, however certificates bought by the County
interest at the same rate as an individual buyer and must be purchased for the amount
due at the time of purchase.
DO NOT BUY THESE LIENS UNLESS YOU KNOW ABSOLUTELY WHAT YOU ARE PURCHASING.
A Treasurers deed can be issued on a tax sale certificate after a minimum of three
years from the date of the original sale.
Deed application costs. - $350 Deposit (any unused amount will be refunded, if the
costs run over the deposit, additional
money must be received prior to issuance
of a tax deed).
Included in cost
�Owners & Encumbrance�
(report to follow chain of title, usually $150)
Cost of certified mailings to interested parties
These fees apply to all liens � Mineral interests and land/improvement certificates.
A Treasurers deed is not a Warranty deed and could be contested. Purchasers receiving
property by tax deed are encouraged to
file a �Quiet Title� procedure to secure
a clean title.
QUIET TITLE SUIT
A procedure to establish the plaintiff�s title to land by bringing into court an
adversary claimant and thereby compelling him/her to
either establish his/her claim
or forever stop from asserting it.
If you have further questions, or require additional information please contact
the Lake County Treasurers Office and we will
be happy to assist you.
Thank you for your participation in our annual tax lien sale.