Top Ten Flagler County 2013 Tax Delinquencies

These properties are listed on the Flagler County Tax Certificate Auction site because the 2013 property taxes have not been paid. See who is on the list.

Palm Coast, FL – May 15, 2014 – 2013 property taxes that remained unpaid by April 1, 2014 are deemed to be delinquent. Not having collected the taxes, however, does not mean that the various taxing authorities can get along without it. In Florida, the problem is solved by selling tax certificates at a public auction. Flagler’s auction is on-line.

First, what is a tax certificate? The following text is found on the bidding site:

Please note: While the following information is wholly accurate, it is not meant to be a comprehensive explanation of Chapter 197 of the Florida Statutes, which is the law governing tax certificates and their auction or sale.

What are tax certificates?

Taxes become due November 1, and become delinquent if not paid by April 1 of the following year. The Tax Collector in every Florida county then prepares a list of the properties with delinquent taxes and sends out notices to all property owners with unpaid property taxes stating that a tax certificate will be auctioned on or before June1 if the taxes are not paid.

The tax certificate’s face amount consists of the sum of the following: delinquent real estate tax (unpaid amount), interest on the delinquent amount (1.5% for each of the months of April and May – and June if the auction is held in June), Tax Collector’s commission (5% on the delinquent amount), and the newspaper’s advertising charge (& sale costs or other costs).

Tax certificates are a first lien against property which means there are very few other claims against a property which would be paid before the tax certificate lien. It even supersedes some IRS liens.

The Auction

The property taxes become delinquent on April 1. On or before June 1 the Tax Collector must start the tax certificate auction (Note: tax certificates and the auction of them is governed by Chapter 197 of the FL Demo Statutes. All requirements mentioned in this document come from Chapter 197 without the legalese).

To make a simplified analogy, think of the purchase of a tax certificate as a loan to the property owner. In return, the investor receives interest on the money loaned.

In FL Demo, the tax certificate conveys no property rights. It is simply a “loan” carrying an interest rate.

The certificates are advertised once a week for three consecutive weeks before the auction.

The interest on a certificate ranges from 0 to 18%. Bids are entered with the certificate going to the bidder willing to take the lowest interest rate. Simple interest accrues on a monthly basis. If the certificate carries an interest rate of 12%, then interest will accrue at 1% every month until the certificate is redeemed. Once a certificate is issued, providing the redemption of the certificate is after May 31, the least an investor will receive in interest is 5% (FL Demo Statutes) except for a bid of 0%. A certificate won with a 0% bid earns no interest. The investor is guaranteed 5% over the life of the certificate IF THE CERTIFICATE IS REDEEMED. Certificates are good for 7 years from the date of issuance. At the end of 7 years, the certificate is retired (no longer exists). If the certificate is not sold to an individual, a certificate will be issued to the county bearing an interest rate of 18%, and may be purchased by contacting the Tax Collector’s office. Most counties today do not issue actual certificates anymore. The certificate is kept as an electronic file at the Tax Collector’s office.

Which properties made the Flagler County top ten list based on the total amount owing on 2013 property taxes (plus interest, penalties, fees, etc. as noted above). Click on the parcel ID to go to the property record of the subject property.


061231582500000007A – 140 City Place – 10.459 acres of vacant commercial land in Town Center owned by TD Bank. The property was purchased by Mediterra Developers LLC for $3,100,000 in 2006. The 2014 “working value” Assessed Value is $661,980. Owing $122,063.17.

 22113153100000000L0 – 425 Riverfront Drive – 3.51 acres in Grand Haven adjacent to the golf course entitled for four condominium buildings totaling 48 units. Two uncompleted building shells sit on the site. The property is owned by Lavaya Properties II LLC. It was purchased from Heartwood  Partners 3 LLC for $950,000 in 2013. It is assessed for $768,000. Owing $115,281.53.

0612310650000B00011 – 23.31 acres of vacant commercial land in Town Center owned by Portofino Development Group LLC. The property was purchased from PCHI for $2,000,000 in 2006. Its assessed value is $589,815. Owing $66,314.09

0912312476000000011 – 200 Flagler Plaza Drive – Holiday Inn Express – Owned by JAY MAA AMBE Property Management LLC, it was purchased from Silver Lining Ventures Inc for $2,685,000 in 2012. It is assessed for $1,780,000. Owing $40,840.10

1212314500001900030 – 1224 Oceanshore Blvd in Flagler Beach – Topaz Motel/Blue Restaurant. Owned by JAI Hanumaan LLC, it was purchased from Lee W Paul for $2,230,000 in 2010. It is assessed for $1,570,000. Owing $37,858.19.

0712310650000C00035 – 12.37 acres of vacant commercial land at the southeast corner of Belle Terre and SR 100. Owned by National Recreational Properties of Clear Lake Inc, it was acquired from Daryl Carter for $1,550,000 in 2002. Its assessed value is $1,340,858. Owing $30,767.58

3811310000010100000 – 5.15 acres of vacant commercial land located east of Celebrity Resorts and west of the Intracoastal Waterway, adjacent to Palm Coast Resort. Owned by PHCD Inc, it was acquired from ITT in 1998. Its assessed value is @1,251,232. Owing $28,712.37

1311303020000000030 – 50 Plaza Drive (south side of entrance to Home Depot – commercial building with several tenants including Houligan’s – Owned by Medjax Beach LLP, it was purchased prior to development from Palm Coast Investment for $1,650,000 in 2004. It is assessed for $1,700,267. Owing $24,782.81. There are outstanding tax certificates on this property.

1514310000010100000 – 640 acres of vacant land located in south Flagler County and bordering Volusia County owned by Hunters Ridge Residential Golf Prop & Hunters Ridge Golf Co. Its assessed value is $1,245,618. Owing $22,398.64. There are outstanding tax certificates on this property.

3812310000000200020 – 117.21 acres of vacant land lying east of Old Kings Rd South and south of SR100. It was purchased by Iroquois LLC from Bulow Creek LC for $3,515,100 in 2006. Its assessed value is $963,352. Owing $22,115.95. There are outstanding tax certificates on this property.

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