A: Certain expenses or costs will be incurred by the buyer and may be reimbursed as defined in IC 6-1.1-25.
A: The purchaser of the lien may assign it to another party by completing the assignment section on the back of the tax sale certificate issued to the purchaser. The auditor must be notified to change the owner of record of the tax sale lien certificate.
A: Properties become eligible when taxes or assessments are delinquent from the prior years spring collection.
A: The tax lien sales are advertised at least five weeks before the scheduled sale. They are advertised for three consecutive weeks. You may refer the Tax Sale Dates page of this site for the first scheduled advertising date.
A: Foreclosure is not a provision of the tax sale statutes in Indiana.
A: You will recieve all of your purchase price back plus a minimum of 10% return on the minimum bid.
A: No, all information and statute links are available free of charge.
A: A real time list is available on this site typically about forty-five days prior to the sale.
A: Unsold cerfificates will be awarded to the Commissioners. The Commissioners may either sell the certificate, convert the certificate to a deed or do nothing with the certificate.
A: A tax lien purchaser should pay subsequent taxes that become due on a property. Upon redemption, the tax lien purchaser will be reimbursed for those taxes if a 137B form is completed and filed with the Auditor.
A: The redemption period is twelve (12) months for a certificate sold by the treasurer, certificates sold by the Commissioners have a 120 day redemption period.
A: This is an open auction format. The starting bid,the amount advertised in the local newspapers, is the lowest amount that can be accepted by law. The tax sale certificate represents the lien and will be awarded based upon the highest bid and the satisfactory form of payment. Please refer to the Tax Lien Buyer Handout on this site.
A: Cash or Certified Funds will be accepted. However, with the approval of the County Treasurer electronic funds transfers may be accepted.
A: All sales are the responsibility of the county treasurer and county auditor. SRI assists these public officials and follows all policies established by these elected officials and Indiana statute. Only elected officials can make changes after such rules or orders have been established.
A: Liens will not be removed as a result of the purchase of the lien. However, if you as the tax lien buyer comply with the laws and acquire a tax deed on the property, all liens will be removed. Please see IC 6-1.1-25.
A: Sales are final. Once the auctioneer says, “sold”, the lien on the property is awarded to the highest bidder and the buyer is obligated to pay for that lien.
A: No. You or a representative must attend the public auction.
A: Typically, tax liens are sold once a year and the sales can be held anytime during a year, based upon the first collection of taxes.
A: You will find the current year of the Tax Sale Dates on this site.
A: A tax lien certificate is issued to the purchaser. If the property is redeemed, the lien holder will be notified and informed to submit the certificate to the county auditor before funds are released. Redemption funds will be mailed to the purchaser’s address on county record. If you apply for a deed on the property, you will be required to surrender the certificate to get your deed. This is a legal document and should be safekept.
A: If the property has not been redeemed, the holder of the tax sale certificate must petition for a tax deed to the real property within six months after the expiration of the redemption period. If the tax lien purchaser fails to do so, the lien against the property is terminated according to IC 6-1.1-25-7(a). Please review the Indiana Code carefully to understand the requirements for securing a tax deed. Legal assistance from a qualified tax sale attorney is recommended.
A: Usually between 2:00 p.m. and 4:00 p.m.
A: Advertising is placed in one or more local newspapers. You will find the name of the newspaper and the scheduled dates for advertising on the Property Information page of this site.