Buying Rules - 2021 Sarasota County Tax Certificate Auction
If you are not completely familiar with the statutes governing tax liens in this state, read the “Tax Certificate Process” document located at the left of the home page. It is a plain English summary of the law and will only take ten minutes to read. Remember, the purchase of a certificate does not convey title to the land. While purchasing tax certificates is generally a good investment, there is some risk. Understand the risks and employ the “buyer beware” philosophy.
Review the Summary of Important Dates below.
Register. You will create your own User Name and Password as part of the process.
- Decide how much money you want to invest in tax certificates for this auction. ($10,000 for example)
- Enter that amount as your budget.
Bid on as many certificates as you would like. Your budget will limit how much you can win no matter how many bids you place. As soon as you win tax certificates that equal the amount of your budget, all other bids you placed are cancelled.
As a batch closes, you may see the results for that batch by clicking “Results” on the website menu. Click the “Sold To” link on the auction results page to display all bids on that item along with other useful information. After seeing results, you can change your bids in any unclosed batches.
Payment for certificates won will be accepted by ACH only. Please ensure your financial institution will allow an ACH debit to your account before placing bids.
Requirements to Participate - Registration begins at 10:00 AM ET on 06/22/2016 and ends 04/08/2022 at 4:00 PM ET.
To become a qualified participant in the 2021 Sarasota County tax certificate sale, you must:
a. Register on this web site.
b. Provide bank information for processing your final payment via ACH debit.
c. Provide bank information for processing your certificate redemptions.
d. Create a budget conveying the amount of your anticipated purchases to the Tax Collector.
e. Accept ALL terms and conditions in the documentation provided on this web site.
Failure to meet ALL of the the eligibility requirements, in the time provided, will affect your ability to participate in the sale.
Summary of Important Dates
Bidder Accounts Allow foreign bidder registrations No Single simultaneous bidder rule No Auction Information Bidding style Buy Now 0 value bids use proxy system Yes SubAccounts Allow sub-accounts No Automatic certificate rollup / rollup fee No $0.00 Auction Dates and Times Registration begins (site opens)** Open All Year Deposits, Registration fees and Budgets begin 06/22/2021 at 10:00 AM ET Bidding begins 06/24/2021 at 10:00 AM ET Deposits, Registration fees and Budgets end**
04/08/2022 at 4:00 PM ET
Participation Requirements Enter ACH Redemption Information
Participation Requirements Due Date 04/08/2022 at 4:00 PM ET Registrations end 04/08/2022 at 4:00 PM ET First batch closes 04/08/2022 at 4:00 PM ET Batch closing interval NA Last batch closes 04/08/2022 at 4:00 PM ET Auxiliary batch opens (If applicable) N/A Auxiliary batch closes (If applicable) N/A Payment due date 04/08/2022 at 4:00 PM ET Budget, Deposit and Payment Information Deposit or Budget required (% of estimated winnings) 100% Minimum deposit amount $0.00 Registration Fee $0.00 Registration Fee Refundable Yes Registration Fee Applied to Winnings Yes Deposit / Payment types acceptable: Deposits Payments Budget No --- ACH No No ACH auto-debit final payment --- No Wire transfers No No Counter payments No No Redemptions available via ACH? Yes Public Access Public computers available Public Library ** Subject to change. The site will open when approved by the County.
For an explanation of any of the terms above, please visit the FAQs.
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