Milam County Tax Sale Information
Milam County will hold its Delinquent Property Tax Sale on November 5, 2024, at the Courthouse Door of Milam County, Texas. Registration begins on-site before the auction, with bidding starting at 10:00 a.m.
Key Auction Details:
Date: November 5, 2024
Location: Milam County Courthouse Door, Texas
Time: 10:00 a.m.
Terms of Sale:
Payment Requirements: Successful bidders must pay immediately with a cashier’s check payable to Milam County. No cash will be accepted.
Deed and Title: Buyers receive a Sheriff’s Deed without warranty; obtaining title insurance may be challenging.
Redemption Period: A statutory redemption period applies, commencing on the deed recording date—two years for homesteads and agricultural land and 180 days for all other properties.
Minimum Bids: Each property’s minimum bid includes taxes delinquent at the judgment, but buyers must also pay any additional taxes accrued after that date.
Liability for Non-Payment: Winning bidders who fai...
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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
