Tax Lien Certificates

Union County Tax Lien Certificates

In Union County Florida tax lien certificates are sold at the Union County tax sale held on or before June 1st of each year. The Union County Tax Sale is a public Internet auction and is held at the County tax sale web site.

The Union County auction web site generally opens for registration, deposits, research and preliminary bidding approximately 3 to 4 weeks prior to the official Union County Florida tax lien certificate auction date.

When the day of the Union County tax sale auction arrives and the auction commenses, preliminary bids are submitted and made official (as each batch closes). Depending on the number of listings and the number of bids placed, subsequent batch's will close every 30 to 60 minutes until the last batch closes when the Union County tax sale auction officially ends.

The maximum interest rate awarded on a Union County Florida tax lien certificate is 18% per annum. Union County Florida tax lien certificates are sold to the bidder willing to accept the lowest interest rate. According to Florida statute, there is a special caveat that if the Union County Florida tax lien certificate is redeemed the investor will receive a minimum return of 5% over the life of the tax lien certificate.

(2) When a tax certificate is redeemed and the interest earned on the tax certificate is less than 5 percent of the face amount of the certificate, a mandatory charge of 5 percent shall be levied upon the tax certificate. The person redeeming the tax certificate shall pay the interest rate due on the certificate or the 5-percent mandatory charge, whichever is greater (Sec. 197.472 (2) ).

A Union County Florida tax lien certificate is valid for seven (7) years from the date it is issued. Upon the expiration of seven (7) years, the Union County Florida tax lien certificate is terminated and the total invested value is zero dollars ($0.00).

Union County Florida tax lien certificates not sold at the Union County Florida tax sale auction are "struck" or conveyed to Union County bearing an interest rate of 18%. Tax lien certificates struck to Union County Florida may be purchased by contacting the Union County Florida tax collector's office.

From the date sold, the delinquent owner has as little as (2) or as long as (7) years to redeem his or her interest in the property. To redeem, the delinquent owner must tender all delinquent taxes, cost and interest to date. The amount due the Union County Florida tax lien certificate holder is calculated and a check or ACH transfer deposit is created by the Office of the Tax Collector and sent to the Union County Florida tax lien certificate owner.

If the Union County Florida tax lien certificate is not redeemed, the purchaser of the Union County Florida tax lien certificate may, as early as two (2) years but no later than seven (7) years, request and begin a tax deed application process with the Office of the Tax Collector. If the Union County Florida tax lien certificate remains unredeemed it is scheduled for a public auction tax deed sale in the Courthouse by the Clerk of Circuit Court.

The bidder with the highest bid at the Union County Florida tax deed sale is awarded the owner of the property. If the property is classified as non-homested, the opening bid is the amount of the delinquent property taxes, accrued interest, plus costs and fees involved in Union County Florida tax deed process. If the property is classified as a homestead property, the opening bid is half of the current assessed property value plus all delinquent property taxes, interest, fees, and costs.

If the property is classified as homestead, the opening bid is half the current assessed property value plus all delinquent property taxes, interest, fees, and costs.

Tax Sale Type: Tax Lien Certificates

Contact: County Tax Collector (Sec. 197.332 )

Interest Rate: 18% per annum (Sec. 197.172 )

Penalty Rate: None

Bid Procedure: Bid Down (Sec. 197.432 )

Redemption Period: Two (2) years (Sec. 197.502 )

Law: Florida Statutes, Title XIV, Chapter 197, "Tax Collections, Sales, and Liens."

Additional Notes:

Important: Florida is unique in that no matter what the winning interest rate is, the investor will, at least, receive a 5% penalty.

(2) When a tax certificate is redeemed and the interest earned on the tax certificate is less than 5 percent of the face amount of the certificate, a mandatory charge of 5 percent shall be levied upon the tax certificate. The person redeeming the tax certificate shall pay the interest rate due on the certificate or the 5-percent mandatory charge, whichever is greater (Sec. 197.472 (2) ).

In Florida, once the 2 year redemption period has elapsed and the homeowner had not redeemed, the investor must file an application for the tax deed with the county. Next, the county will attempt to sell the property at the tax deed auction.

The opening bid on an individual certificate on nonhomestead property shall include, in addition to the amount of money paid to the tax collector by the certificateholder at the time of application, the amount required to redeem the applicant's tax certificate and all other costs and fees paid by the applicant. Sec. 197.502 (6)(a) .

The opening bid on property assessed on the latest tax roll as homestead property shall include, in addition to the amount of money required for an opening bid on nonhomestead property, an amount equal to one-half of the latest assessed value of the homestead. Payment of one-half of the assessed value of the homestead property shall not be required if the tax certificate to which the application relates was sold prior to January 1, 1982. Sec. 197.502 (6)(c) .

The money collected from the sale of the property will satisfy the tax lien including interest.

(1) The holder of any tax certificate, other than the county, at any time after 2 years have elapsed since April 1 of the year of issuance of the tax certificate and before the expiration of 7 years from the date of issuance, may file the certificate and an application for a tax deed with the tax collector of the county where the lands described in the certificate are located. The application may be made on the entire parcel of property or any part thereof which is capable of being readily separated from the whole. The tax collector shall be allowed a tax deed application fee of $75 .

 

Cities located in Union County Florida

To learn more about Florida Tax Lien Certificates simply click on the name of the town or city for which you are interested in the list below.

Town/City:	Population:
Lake Butler	10,002
Raiford	3,031
Worthington Springs	457
Worthngtn Spg	457

Counties located in Florida

To learn how to purchase Florida Tax Lien Certificates simply click on the name of the county for which you are interested in the list below.

County:	Auction Type:	Population:
Hardee County	Tax Lien Certificates	26,938
Hendry County	Tax Lien Certificates	36,210
Hernando County	Tax Lien Certificates	130,802
Highlands County	Tax Lien Certificates	87,366
Hillsborough	Tax Lien Certificates	998,948
Holmes County	Tax Lien Certificates	18,564
Indian River County	Tax Lien Certificates	112,947
Jackson County	Tax Lien Certificates	46,755
Jefferson County	Tax Lien Certificates	12,902
Lafayette County	Tax Lien Certificates	7,022
Lake County	Tax Lien Certificates	210,528
Lee County	Tax Lien Certificates	440,888
Leon County	Tax Lien Certificates	239,452
Levy County	Tax Lien Certificates	34,450
Liberty County	Tax Lien Certificates	7,021
Madison County	Tax Lien Certificates	18,733
Manatee County	Tax Lien Certificates	264,002
Marion County	Tax Lien Certificates	258,916
Martin County	Tax Lien Certificates	126,731
Miami-dade County	Tax Lien Certificates	2,253,362
Monroe County	Tax Lien Certificates	79,589
Nassau County	Tax Lien Certificates	57,663
Okaloosa County	Tax Lien Certificates	170,498
Okeechobee County	Tax Lien Certificates	35,910
Orange County	Tax Lien Certificates	896,344
Osceola County	Tax Lien Certificates	172,493
Palm Beach County	Tax Lien Certificates	1,131,184
Pasco County	Tax Lien Certificates	344,765
Pinellas County	Tax Lien Certificates	921,482
Polk County	Tax Lien Certificates	483,924
Alachua County	Tax Lien Certificates	217,955
Baker County	Tax Lien Certificates	22,259
Bay County	Tax Lien Certificates	148,217
Bradford County	Tax Lien Certificates	26,088
Brevard County	Tax Lien Certificates	476,230
Broward County	Tax Lien Certificates	1,623,018
Calhoun County	Tax Lien Certificates	13,017
Charlotte County	Tax Lien Certificates	141,627
Citrus County	Tax Lien Certificates	118,085
Clay County	Tax Lien Certificates	140,814
Collier County	Tax Lien Certificates	251,377
Columbia County	Tax Lien Certificates	56,513
Desoto County	Tax Lien Certificates	32,209
Dixie County	Tax Lien Certificates	13,827
Duval County	Tax Lien Certificates	778,879
Escambia County	Tax Lien Certificates	294,410
Flagler County	Tax Lien Certificates	49,832
Franklin County	Tax Lien Certificates	11,057
Gadsden County	Tax Lien Certificates	45,087
Gilchrist County	Tax Lien Certificates	14,437
Glades County	Tax Lien Certificates	10,576
Gulf County	Tax Lien Certificates	13,332
Hamilton County	Tax Lien Certificates	13,327
Putnam County	Tax Lien Certificates	70,423
Santa Rosa County	Tax Lien Certificates	117,743
Sarasota County	Tax Lien Certificates	325,957
Seminole County	Tax Lien Certificates	365,196
St. Johns County	Tax Lien Certificates	123,135
St. Lucie County	Tax Lien Certificates	192,695
Sumter County	Tax Lien Certificates	53,345
Suwannee County	Tax Lien Certificates	34,844
Taylor County	Tax Lien Certificates	19,256
Union County	Tax Lien Certificates	13,442
Volusia County	Tax Lien Certificates	443,343
Wakulla County	Tax Lien Certificates	22,863
Walton County	Tax Lien Certificates	40,601
Washington County	Tax Lien Certificates	20,973

 

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