Tax sale season is officially upon us. If you’re a property owner in one of the following counties, be sure to keep an eye on the auction listings and attend the tax sale auction in May. County governments are holding tax sales to sell off delinquent properties, and there are some great deals to be had.
What Are Tax Sales?
A tax sale is a public auction held by a jurisdiction in order to sell liens on properties that have unpaid taxes. The auction is open to the public, and anyone can buy a property in this sale event. The purpose of this sale is to collect unpaid taxes from the property owner.
If you are thinking about buying a property at a tax sale, there are a few things you should know. Conducting research before the sale is crucial. You must know how much the property is worth, as well as how much the outstanding taxes are. By also attending the tax sale and bidding on the property, you will be able to get a feel for how the auction works, whether online or in person.
Upcoming Maryland Tax Sale
Knowing when tax sales are happening is critical to success. In this case, you can have an idea of when properties will become available for purchase, as well as know which counties are holding tax sales.
The following counties have upcoming tax sales in May 2022:
- Baltimore City, MD: May 16
- Caroline, MD: May 9-13
- Charles, MD: May 10
- Frederick, MD: May 9
- Kent, MD: May 12
- Prince George’s, MD: May 9
- Queen Anne’s, MD: May 17
- Talbot, MD: May 11
- Worcester, MD: May 20
Here is a list of other upcoming tax sales in other counties.
Purchasing Tax Sale Properties
In purchasing tax sale properties, the process can be complicated and confusing, especially if you are new to it. There is a lot of money at stake in these purchases, and you don’t want to make any mistakes that could cost you thousands of dollars. That is why you should have a Maryland tax sale attorney to help you in this process. A good lawyer will be able to help guide you through the procedure and make sure you understand everything that is going on.
Conclusion
If you are in the market for tax lien certificates, May is a great time to buy. With so many counties and Baltimore City holding tax sales events, you are sure to find a property that interests you. Just be sure to do your research and work towards knowledgeable professionals to help you navigate the process.
At LewisMcDaniels, we can help you every step of the way in whatever legal needs you may have. Our Maryland tax lien attorney can represent and protect your interests in the sale, and our due diligence team is able to help you research the property before you purchase. We will work closely with you to develop a strategy that meets your specific legal and practical needs. Give us a call today or visit our website for more information.
