Prince George’s County announces that it will hold its Annual Tax Sale Auction on May 9, 2022. The virtual event invites all investors residing in Prince George’s Country to participate in the auction.
Interested bidders can register via Prince George’s County’s official tax sale website. The Annual Tax Sale requires all interested investors to pay a $150 non-refundable registration fee. Interested bidders are also required to submit a copy of their Maryland Driver’s License as proof of residency.
Interested bidders must also pay a deposit of $1,000 before joining the virtual auction, but Prince George’s County has assured bidders that this will be either applied toward the purchase of tax sales certificates or refunded if the bidder does not win any auctions.
Prince George’s County also reminds interested bidders that all bids are considered final and cannot be withdrawn. In case a bidder will not be able to make full payment, no certificate will be awarded to them. Prince George’s County reserves the right to ban from participating in future tax sales any successful bidder who fails to make full payment before the deadline.
All unpaid property tax accounts are now available on Prince George’s County’s official tax sale website. The final list will be posted on May 6, 2022. Interested bidders are encouraged to browse through all the unpaid property tax accounts now, as acceptance of bids will begin on May 2, 2022.
The Background of Maryland’s Annual Tax Sale Auction
Maryland is one of the U.S. states that creates tax lien certificates and sells them to interested investors. Held every second Monday of May, the Prince George’s County Annual Tax Sale Auction aims to recuperate losses from unpaid property taxes to help fund government programs and services.
Other counties in Maryland also have their own tax sale auctions that are open to their interested residents. St. Mary’s County was the first one to hold its own annual bidding this year, which happened last March 4, 2021. The following are the upcoming tax sale auction schedules for other Maryland counties this May:
- Allegany (May 25)
- Baltimore City (May 16)
- Caroline (May 9 – 13)
- Charles (May 10)
- Frederick (May 9)
- Garrett (May 23 – 27)
- Howard (May 5)
- Kent (May 12)
- Queen Anne’s (May 17)
- Talbot (May 11)
- Worcester (May 20)
LewisMcDaniels │ Maryland Tax Lien Attorney
If you’re looking for the best Maryland tax sale attorney, get in touch with the experts at LewisMcDaniels. We offer best-in-class tax lien assistance that can help you make your tax lien investment a success. We can provide you with professional advice before you bid on a tax lien and ensure that you will have a remarkable ROI on any tax sales certificates you purchase.
Get in touch with us today through our contact form or by calling us at 301-818-0405.