The Carroll County Comptroller and Tax Collector Jennifer D. Hobbs is hosting an online tax sale on June 30. The event will offer real estate, personal property, and other assets with delinquent taxes for public sale.
Whether you’re looking to invest in real estate or want to retain a personal property item, this tax sale is the perfect opportunity. If you’re interested in bidding, consult an experienced Maryland tax lien attorney to ensure you know the ins and outs of the process.
Read on for more information about the tax sale and what you need to know before bidding.
Carroll County Tax Sale Notice
The Carroll County tax sale offers properties with unpaid taxes for public sale. If the property owner has not paid their taxes, the county government can offer the property up for bid, and anyone can submit a bid to purchase the asset. The winning bidder will then need to pay the back taxes and any other costs associated with acquiring the title of the property.
Property owners are strongly encouraged to pay their taxes and additional fees before Wednesday, June 28, 2023. Otherwise, the properties in question will be offered up for bid and sold to the highest bidder at the tax sale.
The bidding process starts on Thursday, June 29, 2023, at 2:00 PM and concludes on Friday, June 30, 2023, at noon. Interested bidders must register online from Friday, June 2, 2023, until Friday, June 23, 2023, at 2:00 PM. They must pay a non-refundable registration fee of $100 via ACH Debit at the time of the online registration.
The County will sell the properties to the highest bidder in U.S. dollars. The purchaser must pay the sum of the taxes, charges, interest, penalties, and other costs of the property sold. They must pay via ACH Debit before Friday, June 30, 2023, at 3:00 PM.
The purchaser will receive a Certificate of Sale from the County within two weeks of closing the sale. The Certificate of Sale holder may file a formal complaint in the Circuit Court to foreclose all redemption rights after six months from the purchase date and earlier than two years from the date the Collector issued the Certificate of Sale. They will receive a deed after submitting the final decree of foreclosure to the Collector and the payment of the purchase price balance plus additional taxes and costs.
Property owners or other interested parties may redeem the property from the tax sale before their right is foreclosed. They must pay the total costs and an interest rate of 14% per annum to the payment date.
Should the redemption be valid, the purchaser will receive a refund of all payments made according to the Certificate of Sale. Note that the property owner has the right of possession until the right of redemption has been foreclosed.
The Bottom Line
No matter which side of the tax sale process you’re on, a Maryland tax sale attorney can help guide you through the process. LewisMcDaniels can help you understand the intricacies of the process and secure the best outcome for you.
Contact us today for more information on the tax sale.
