Real estate taxes become delinquent Apr first every year. Funds need for any tax year with tax deed application or a certificate. The sum due for tax is based on the date payment is received. Please note: if you wish to redeem a tax deed application check out 320 West Main Street, Tavares workplace place. Florida Statutes require the Tax Collector to market the parcels in a local paper once a week. The advertised list of outstanding taxes is published in a local paper At the start of May, and might also be found online at bidlaketax.com. Advertising and collection fees are added onto the delinquent taxpayer's bill.
Starting on or before June first, the Tax Collector has been required by law to maintain a Tax Certificate Sale. The certifications represent liens on all possessions that are unpaid. The sale allows certificates to be purchased by citizens by paying off. The purchase is conducted in reverse auction fashion with participants bidding downward in percentage increments starting at 18%. The certification is awarded to the bidder. A tax certification, when purchased, becomes an enforceable lien against the real estate. The certificate holder is actually paying the taxes for a property owner in exchange for a competitive bid rate of return on his\/her investment.
The Tax Collector notifies the certificate holder of any certifications and there is a refund check issued to the certificate holder. A tax certification has been valid for seven years from the date of issuance. The holder might apply for a tax deed at almost any moment after 2 years have elapsed since Apr first of the season of issuance of the tax certification and before the cancellation of the certification. Within 45 days after the tangible private home taxes become delinquent, the Tax Collector has been required by law to market a list of delinquent tax payers once in a local newspaper. Advertising costs are added onto the delinquent bill. Pursuant to Florida Statutes, Tax Warrants are issued before Apr 30th of the following year on all unpaid tangible private property taxes.