Understanding Putnam County, Florida, Tax Sales

Putnam County, Florida, conducts tax sales to recover unpaid property taxes and return properties to the tax rolls. Managed by the Tax Collector’s Office and the Clerk of the Circuit Court & Comptroller, these sales involve two primary methods: tax certificate sales and tax deed sales. Here’s an overview of the process:

Tax Certificate Sales

Annual Auction: The Putnam County Tax Collector’s Office holds an annual tax certificate sale on or before June 1st each year. This sale is conducted online. Investors bid on tax certificates for properties with delinquent taxes, paying the owed taxes and obtaining a lien against the property. Check out our Auction Calendar for scheduled auctions Bidding Process: The auction operates in a reverse bidding format, starting at an 18% interest rate. Bidders compete by accepting lower interest rates, and the certificate is awarded to the bidder willing to accept the lowest rate. If no bids are received, the certificate is issued to Putnam County at 18% interest. Redemption Period: Property owners have up to two years from April 1st of the year the tax certificate was issued to redeem the certificate by paying the delinquent taxes plus interest. If the certificate holder does not redeem the certificate within this period, they may apply for a tax deed to foreclose on the property.

Tax Deed Sales

Application Process: If you hold a tax certificate for at least two years from April 1st of the year it was issued, and the property owner has not redeemed it, you can apply for a tax deed. The Tax Collector’s Office initiates this process, requiring payment of all applicable fees and costs Public Auction: The Putnam County Clerk of the Circuit Court & Comptroller schedules the property for a public auction. Online platforms hold these auctions, selling the property to the highest bidder. Opening Bid: The opening bid includes unpaid taxes, interest, administrative fees, and other costs. The total opening bid also includes one-half of the assessed value for homestead properties
Putnam County Courthouse Florida

Important Considerations

Due Diligence: Buyers must conduct thorough research on properties before participating in tax deed sales. Detailed information, including ownership and legal descriptions, is available through the Putnam County Clerk of the Circuit Court’s website. The Clerk’s Office does not provide legal advice or assist in researching properties. Payment Requirements: Winning bidders must provide a deposit prior to the sale and complete the payment process promptly after the auction. The auction announcements outline specific payment details and deadlines. As-Is Sale: Properties sell “as-is” with no warranties about their condition, title, or location. Buyers assume responsibility for resolving any issues related to the property after purchase.

Steps to Participate

Tax Certificate Sales: Register and submit your deposit. Bid on tax certificates and secure liens on delinquent properties. Tax Deed Sales: If your tax certificate remains unredeemed after two years, apply for a tax deed to foreclose on the property. Participate in the public auction for tax-deeded properties.

Useful Links

Putnam County’s tax sale process provides opportunities for investors to earn interest or acquire properties while helping the county recover unpaid taxes. Whether you’re a seasoned investor or a first-time participant, understanding the process and performing due diligence is key to success.

Need Assistance?

Check out our Auction Calendar and stay ahead of the upcoming tax sales! Need expert guidance? Book a call now to connect with a professional who can guide you through the process. Don’t forget to check out our free resources for tips, answers to your questions, and strategies to make smart investment decisions.

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