Nye County Tax Information
Nye County will host its 2024 Online-Only Tax Sale Auction on Bid4Assets from October 22 to 24, 2024. Interested participants must register and submit deposits before the auction.
Key Auction Details
Date: October 22-24, 2024
Location: Online at Bid4Assets.com
Time: Auction starts on October 22 at 8:00 AM and ends on October 24 with staggered closing times starting at 11:00 AM Pacific Time.
Terms of Sale
Deposit: A $500 deposit (plus a $35 non-refundable processing fee) is required to bid. Deposits are due by October 16, 2024, 1:00 PM Pacific Time.
Buyer’s Premium: They will add 10% or $100 minimum to the final sale price.
Property Transfer: A Nevada real property transfer tax will be added to the final price, calculated at $1.95 per $500.
Payments: Bidders must make their payments in full via cashier’s check, money order, or wire transfer by October 28, 2024, 1:00 PM PT.
How to Participate
Register: Create an account on Bid4Assets and complete the deposit pr...
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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
