States › North Carolina
In North Carolina, the tax collector or treasurer will sell tax deeds to the winning bidders at the delinquent property tax sale.
Tax Sale Type: Tax Deed. (Sec. 105-374 (p) 
).
Contact: Tax Collectors. (Sec. 105-350 ).
Interest Rate and/or Penalty Rate: Not applicable.
Bid Procedure: Premium bid / highest bid. (Sec. 105-374 (m) ).
Redemption Period: Not applicable.
Law: General Statutes of North Carolina, Chapter 105, Subchapter II, Article 26, "Collection and Foreclosure of Taxes."
Additional Notes:
Upset bids: According to (Sec. 1-339.64 ) a bidder may 'increase the bid' by increasing the bid by '(5%)' and 'with a minimum increase of seven hundred fifty dollars ($750.00).'. Once the upset bid has been recorded, the clerk of the superior court will release the prior sale.
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