Flagler’s September Tax Deed Sale Schedule Includes 4 Conservatory Lots
Tuesday’s sale also includes three European Village Commercial Condos and a large tract of fully entitled land in Town Center.
Palm Coast, FL – September 12, 2010 – Flagler County holds its monthly Tax Deed sale this Tuesday, September 14. Several high-profile properties will be included, including lots in the Ginn-developed Conservatory golf course community. Also on the list are three European Village Commercial Condos and a 67.87 acre fully entitled parcel in Town Center.
Tax Deed Sales
Tax Deed sales are the result of a process created by Florida Statutes Chapter 197 allowing tax districts to collect delinquent taxes. In a nutshell, here is the process:
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Delinquent annual property taxes trigger an auction each year for tax certificates. The winning bidder must pay the delinquent tax plus accrued interest, penalties, and other fees. The tax certificate represents a "tax lien" against the property.
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If the certificate is redeemed (paid in full including interest to the certificate holder), the lien is released.
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After two years, the certificate holder can request a tax deed sale. At that time, the requesting party must redeem all other existing tax certificates (from other years) related to the property.
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The tax deed sale is a public auction. The estimated opening bid is either a) for non-homesteaded properties, the sum of all taxes, interest, penalties, and fees paid by the certificate holder plus interest due them or b) for homesteaded properties, the total sum due as in (a) plus 50% of the assessed value of the property. If there are no bids, a tax deed is issued to the certificate holder.
For a more complete explanation, see the text reproduced from the Flagler County Clerk of Courts website, following this article. Note how many times the potential purchaser is reminded to seek legal advice before attempting to purchase property through a tax deed sale.
The following list of properties was updated September 10th. Listed properties may be redeemed at any time prior to the sale. Redeemed properties are not sold. The property address and location are followed by the Estimated Opening Bid.
Tax Deed Sale Schedule, August 14, 2010
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Unit 2 of building C of European Village Commercial Condominium – Estimated Opening Bid = $7,824.60
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1748 Hickory St – Mobile home – Daytona North – Estimated Opening Bid = $4,576.76
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61 Raintree Place – Multi-family – Estimated Opening Bid = $10,532.99
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408 Moody Lane – Single-family – Flagler Beach – Estimated Opening Bid = $13,462.57
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205 Carter Street East – Bunnell – Homesteaded – Estimated Opening Bid = $25,949.34
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27 Old Oak Drive South – Lot – Sanctuary – Estimated Opening Bid = $8,765.02
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Lots 17, 18, 19, and 20 of Bratcher Estates – Bunnell – Estimated Opening Bid = $7,397.48
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812 Loblolly Court – Lot – The Conservatory – Estimated Opening Bid =$12,234.03
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122 Marsh Elder Square – Lot – The Conservatory – Estimated Opening Bid = $10,181.69
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173 Aspen Way – Lot – The Conservatory – Estimated Opening Bid = $12,006.93
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28.66 acres – Bunnell – Estimated Opening Bid = $4,681.96
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16.01 acres – Bunnell – Estimated Opening Bid = $5,876.05
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Unit 2 of building B of European Village Commercial Condominium – Estimated Opening Bid = $5,409.37
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355 Hibiscus Way – Lot – The Conservatory – Estimated Opening Bid = $11,911.74
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1600 Hazelnut Street – Mobile home – Daytona North – Homesteaded – Estimated Opening Bid = $47,441.41
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3547 Central Ave. S – Townhouse – Flagler Beach – Estimated Opening Bid = $7,792.40
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743 Old Haw Creek Rd. – 5 acres – Bunnell – Estimated Opening Bid = $4,798.06
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98.16 acres – Seminole Woods – Estimated Opening Bid = $9,029.66
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24.78 acres – Bunnell – Estimated Opening Bid = $8,363.96
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Unit 2 of building A of European Village Commercial Condominium – Estimated Opening Bid = $5,747.91
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67.87 acres – Town Center – Assessed at $2,085,170 – Estimated Opening Bid = $481.117.67
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Unit 3B – Landings at Marina Cove – Estimated Opening Bid = $2,843,28
General Information Sheet
THIS BROCHURE IS FOR GENERAL INFORMATION PURPOSES ONLY. IT IS NOT TO BE TAKEN AS ADVICE OR USED AS GUIDELINES OF ANY KIND. FOR COMPLETE INFORMATION REGARDING TAX COLLECTION, SALES, AND LIENS REFER TO THE FLORIDA STATUTES CHAPTER 197
Questions and Answers
1. WHAT ARE TAX CERTIFICATES?
The Tax Collector offers tax certificates as a means to collect County ad valorem taxes on property having delinquent tax bills. A portion of the cost of the tax certificate is used to pay delinquent property taxes. The purchaser earns a bid rate of interest on the tax certificate. For further explanation, see the tax collector, Suzanne Johnston, who is located on the 1st floor of the Flagler County Government Services Building, or refer to Florida Statutes, Chapter 197.
2. IF I HAVE PURCHASED TAX CERTIFICATES HOW DO I BRING THE PROPERTY TO SALE?
The process for bringing the property to sale begins with at least two years passing from the date a certificate is sold. The formal procedure starts in the office of the Flagler County Tax Collector. The Tax Collector will lead you through the process and advise you of what is required. Tax Certificate holders are advised that if they elect to bring the property to sale, they will be required to pay all outstanding certificates plus delinquent taxes as a pre-requisite to the sale process commencing. Also, the tax certificate holder should understand that requesting the property to be sold carries with it the understanding that the certificate holder will be satisfied with receiving a deed to the property, if there are no other bidders in exchange for the amount paid and advanced by the certificate holder. Therefore it is recommended that the tax certificate holder consider the financial investment being made in bringing the property to sale and the possible outcome of becoming the tax deed recipient before commencing these procedures. Tax deed certificate holders are also reminded that after 7 years their tax certificates are cancelled if not redeemed or if the property is not put up for sale
3. HOW IS THE AMOUNT OF THE OPEN BID DETERMINED?
If the property is not homestead property the amount of the opening bid equals the total amount paid to the Tax Collector, added to the total amount paid to the Clerk of Court, plus any interest, which has been earned on the tax certificate. If the property is homestead property, the opening bid shall be a sum of money equal to one half of the assessed value of the property plus an amount equal to the sum required to pay all the outstanding taxes, interest thereon, plus all costs and fees related to said sale.
4. HOW IS THE DATE OF THE TAX DEED SALE DETERMINED?
The date of a tax deed sale is determined by the time it takes to process the tax certificates, which have been received for sale by the Clerk of Court. After the Clerk’s Office receives the certificates from the certificate holders, and all required fees have been paid to the Clerk, it takes approximately 2 to 3 months to process for sale.
5. WHAT ABOUT LIENS AGAINST THE PROPERTY?
Some liens are dischargeable and others are not. It is best to seek legal advice before making a bid. For further information regarding liens, see Florida Statutes, Chapter 197.
6. WHAT HAPPENS IF AT THE TAX DEED SALE I AM AWARDED THE HIGHEST BID ON THE PROPERTY?
At the time you are awarded the highest bid, a $200.00 deposit is due immediately and the balance is due by 9:00 am the following day.
7. ARE PERSONAL CHECKS ACCEPTED?
No. We require cash, certified check, cashier’s check or money order.
8. HOW LONG DOES IT TAKE TO RECEIVE THE TAX DEED?
Once the Clerk’s Office receives payment in full for the property, we prepare the tax deed and it is sent to the Recording Department. The Recording Department records the deed in the Official Records of the County and returns the Deed to the Tax Deed Clerk. The Tax Deed Clerk then mails the tax deed to the purchaser.
9. CAN I BUILD ON THE PROPERTY OR SELL IT?
Title obtained by a tax deed is not generally acceptable and contains certain risks. It is best to consult an attorney or title insurance company regarding what steps should be taken before you build on or sell the property, even though the property is recorded in your name as the tax deed purchaser.
10. CAN THE FORMER PROPERTY OWNER GET THE PROPERTY BACK EVEN AFTER IT IS SOLD AT A TAX DEED SALE?
The short answer is yes. As with anything the purchaser of a tax deed should have a "buyer beware" attitude. If the former owner should dispute the sale and takes the case to court, the judge will decide the ownership of the property. It is best to consult an attorney regarding purchase of any property.
Buyer’s Due Diligence
It is wise to check the property thoroughly prior to sale, to know exactly what you are getting. Tax Deeds are one of the few types of deeds that the old principal of "buyer beware" still apply to. There are no warranties or representations made by the clerk as to the quality or character of the title you receive. Such matters as access to the property, zoning, and whether the lot is a buildable lot are outside the scope of the duties and responsibilities of the Clerk. These matters as well as many others are issues that the high bidder accepts responsibility for and the obligation to resolve and are not considered the duty of the Clerk to resolve, investigate, or determine.
If you have any questions, please contact:
Tax Deed Department
386-313-4375
386-313-4375
Source: Flagler County Clerk of Courts website
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