Tax Lien Certificates

Fayette County Tax Lien Certificates

In Fayette County Indiana tax lien certificates are sold at the Fayette County Indiana tax lien certificate tax sale.

Approximately 50 days before the Fayette County tax sale the county will publish a listing of parcels on which tax lien certificates will be offered; once each week for three (3) consecutive weeks, with the final advertisement being not less than thirty (30) days before the Fayette County Indiana tax lien certificate tax sale.

Anyone wishing to bid must register preceding the Fayette County Indiana tax lien certificate tax sale. Registrations are handled through the Fayette County County Treasurer's Office, 401 N. Central Ave., Connersville, IN 47331. To register the bidder must complete IRS W-9 so that the Fayette County Auditor can report the amount of interest the buyer received to the Federal Government. Upon The Fayette County treasurer shall sell the tract or real property, subject to the right of redemption, to the highest bidder at public auction.

If the purchaser of an Indiana tax lien certificate fails to pay the bid, the real property will be offered again for sale. In addition, the purchaser who fails to pay the bid shall pay a penalty of twenty-five percent (25%) of the amount of the bid.

Tax lien certificates not sold at the initial Fayette County Indiana county tax lien certificate tax sale my be offered at a subsequent or expedited tax lien certificate tax sale which is held 'after January 1st and before March 31st of the year immediately following the year in which the property was initially offered for sale...'

Tax lien certificates not sold at either the initial Fayette County Indiana county tax lien certificate sale or the subsequent Fayette County Indiana tax lien certificate tax sale are sold to Fayette County.

Fayette County Tax Collector's Office
401 N. Central Ave.
Connersville, IN 47331
PH: 765-825-1013
Visit Fayette County Website
Visit Fayette County Tax Sale Website

According to Indiana statute 'any person may redeem the tract or real property...' The interest rate charged to redeem is contingent on how much time has elapsed since the sale of the Indiana tax lien certificate.

Interest paid on Indiana tax lien certificates will vary from 10% to 15% on the minimum bid which represents delinquent taxes, special assessments and an additional 10% on the overbid which represents the amount in excess of the minimum bid.

If the delinquent owner or any other person redeems within six (6) months from the date of the Fayette County Indiana tax sale he or she will pay one hundred ten percent (110%) of the minimum bid for which the tract or real property was offered at the time of the Indiana county tax sale.

If the delinquent owner or any other person redeems after six (6) months but not more than (1) year after the date of sale he or she will pay one hundred fifteen percent (115%) of the minimum bid for which the tract or real property was offered at the time of sale.

In addition to the amount required for the minimum bid, the total amount required for redemption includes the amount by which the purchase price exceeds the minimum bid (referred to as the overbid) on the real property plus ten percent (10%) per annum on the amount by which the purchase price exceeds the minimum bid on the property.

Finally, in addition to the amount required for the minimum bid and the overbid, the total amount required for redemption includes all taxes and special assessments upon the property paid by the purchaser AFTER the sale (referred to as the subsequent taxes) plus ten percent (10%) interest per annum on those taxes and special assessments.

If the 'tract or real property...' is not redeemed before the expiration of the one (1) year redemption period the owner of the tax lien certificate can apply for a tax deed to the property but not later than six (6) months after the one (1) year redemption period has expired. If the purchaser of the tax lien certificate fails to apply for a tax deed within six (6) months of the end of the redemption period, that person's lien against the 'tract or real property...' is terminated at the end of that period.

A purchaser of an Indiana tax lien certificate is entitled to a tax deed to the property for which the tax lien certificate was sold only if the redemption period has expired; the property has not been redeemed within the period of redemption; and not later than ninety (90) days after the date of sale of the tax lien certificate the purchaser gives notice of the sale to the owner of record at the time of the sale and any person with a substantial property interest of public record in the tract or real property.

Furthermore, the purchaser is entitled to a tax deed to the property if the one (1) year redemption period has expired and not later than nine (9) months after the date of the sale the purchaser gives notice of the sale to the owner of record at the time of the sale and any person with a substantial property interest of public record in the tract or real property.

Upon receiving a tax deed the owner of the tax deed may initiate an action in the court that entered the judgment and order for sale to quiet the title to the property.

If the court finds that the plaintiff's title is invalid and that the plaintiff is not entitled to a refund, the court shall determine the amount due the plaintiff and from whom the amount is due. The court shall order that the sum so determined be paid within a reasonable time. If the payment is not made, the court shall order that the real property be sold to pay the judgment and that the right of redemption of the defendants to the suit, and all persons claiming under them, is foreclosed. When real property is sold under this section, the sheriff shall, upon payment of the purchase money, execute and deliver to the purchaser a deed in fee simple for the real property. The purchaser may then take immediate possession of the real property, and there is no right of redemption from the sale.

Tax Sale Type: Tax Lien Certificates

Contact: County Tax Collector (Sec. 6-1.1-24-5(e) )

Interest Rate: None

Penalty Rate: 10% to 25% (Sec. 6-1.1-25-2 )

Bid Procedure: Highest Bid (Sec. 6-1.1-24-5 )

Redemption Period: One (1) year (Sec. 6-1.1-25-4 )

Law: Indiana Code, Title 6, Article 1.1, Chapter 24, "Sale of Real Property When Taxes or Special Assessments Become Delinquent," and Chapter 25, "Redemption of and Tax Deeds for Real Property Sold for Delinquent Taxes and Special Assessments."

Additional Notes:

Penalty interest rate paid upon redemption The tax lien certificate holder will receive a 10% to 15%, depending on when the home owner exercises his or her right to redeem. According to (Sec. 6-1.1-25-2 ) when redeemed, the home owner will have to pay as follows:

    For the minimum bid (delinquent taxes, special assessments, etc.):

• (110%) of the minimum bid if redeemed 'not more than six (6) months after the date of sale; or'
• (115%) of the minimum bid if redeemed 'more than six (6) months but not more than one (1) year after the date of the sale.'

    For the overbid (the amount over and above the minimum):

• 'plus ten percent (10%) per annum on the amount by which the purchase price exceeds the minimum bid on the property.'

Applying for a tax deed: According to (Sec. 6-1.1-25-4.6 ) the owner of the tax lien certificate must apply for the tax deed 'not later than six (6) months after the one year redemption period has expired.'

Consquently, according to (Sec. 6-1.1-25-7 (a) ) if the purchaser 'fails to file the petition within the period provided in section 4.6 of this chapter, that person's lien against the real property terminates at the end of that period.'

In addition, according to (Sec. 6-1.1-25-7 (b) ):

'If the notice under section 4.5 of this chapter is not given within the period specified in section 4.5(a)(3) or 4.5(c)(3) of this chapter, the lien of the: (1) purchaser of the property; or (2) purchaser of the certificate of sale under IC 6-1.1-24; against the real property terminates at the end of that period.'

'Notice' according to (Sec. 6-1.1-25-4.5 ) includes a notice 'not later than ninety (90) days after the date of sale of the certificate' and a second notice ' not later than nine (9) months after the date of the sale'.

Tax Sale Overbids. According to (Sec. 6-1.1-24-6.4 ) when the amount bid for the purchase of tax lien certificate is tendered the county treasurer is instructed to satisfy delinquent taxes and then distribute the tax sale overages, overbids, and excess funds as follows:

Sec 6.4 (a) When a certificate of sale is sold under this chapter, the purchaser at the sale shall immediately pay the amount of the bid to the county treasurer. The county treasurer shall apply the payment in the following manner:

(1) First, to the taxes, special assessments, penalties, and costs described in section 5(e) of this chapter.

(2) Second, to other delinquent property taxes in the manner provided in IC 6-1.1-23-5(b).

(3) Third, to a separate "tax sale surplus fund".

Sec 6.4 (b) The:

(1) owner of record of the real property at the time the tax deed is issued who is divested of ownership by the issuance of a tax deed; or

(2) purchaser of the certificate or the purchaser's assignee, upon redemption of the tract or item of real property; may file a verified claim for money that is deposited in the tax sale surplus fund. If the claim is approved by the county auditor and the county treasurer, the county auditor shall issue a warrant to the claimant for the amount due.

Sec 6.4 (c) An amount deposited in the tax sale surplus fund shall be transferred by the county auditor to the county general fund and may not be disbursed under subsection (b) if it is claimed more than three (3) years after the date of its receipt.

Sec 6.4 (d) Upon the assignment of the certificate of sale to the purchaser, the county auditor shall indicate on the certificate the amount for which the certificate of sale was sold.

Cities located in Fayette County Indiana

To learn more about Indiana 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:
Alpine	24,819
Alquina	24,819
Connersville	24,819
East Connersville	24,819
Everton	24,819
Glenwood	879
Harrisburg	24,819
Jennings	24,819
Lyonsville	24,819
Nulltown	24,819
Orange	24,819

Counties located in Indiana

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

County:	Auction Type:	Population:
Adams County	Tax Lien Certificates	33,625
Allen County	Tax Lien Certificates	331,849
Bartholomew County	Tax Lien Certificates	71,435
Benton County	Tax Lien Certificates	9,421
Blackford County	Tax Lien Certificates	14,048
Boone County	Tax Lien Certificates	46,107
Brown County	Tax Lien Certificates	14,957
Carroll County	Tax Lien Certificates	20,165
Cass County	Tax Lien Certificates	40,930
Clark County	Tax Lien Certificates	96,472
Clay County	Tax Lien Certificates	26,556
Clinton County	Tax Lien Certificates	33,866
Crawford County	Tax Lien Certificates	10,743
Daviess County	Tax Lien Certificates	29,820
Dearborn County	Tax Lien Certificates	46,109
Decatur County	Tax Lien Certificates	24,555
Dekalb County	Tax Lien Certificates	40,285
Delaware County	Tax Lien Certificates	118,769
Dubois County	Tax Lien Certificates	39,674
Elkhart County	Tax Lien Certificates	182,791
Fayette County	Tax Lien Certificates	25,588
Floyd County	Tax Lien Certificates	70,823
Fountain County	Tax Lien Certificates	17,954
Franklin County	Tax Lien Certificates	22,151
Fulton County	Tax Lien Certificates	20,511
Gibson County	Tax Lien Certificates	32,500
Grant County	Tax Lien Certificates	73,403
Greene County	Tax Lien Certificates	33,157
Hamilton County	Tax Lien Certificates	182,740
Hancock County	Tax Lien Certificates	55,391
Harrison County	Tax Lien Certificates	34,325
Hendricks County	Tax Lien Certificates	104,093
Henry County	Tax Lien Certificates	48,508
Howard County	Tax Lien Certificates	84,964
Huntington County	Tax Lien Certificates	38,075
Jackson County	Tax Lien Certificates	41,335
Jasper County	Tax Lien Certificates	30,043
Jay County	Tax Lien Certificates	21,806
Jefferson County	Tax Lien Certificates	31,705
Jennings County	Tax Lien Certificates	27,554
Johnson County	Tax Lien Certificates	115,209
Knox County	Tax Lien Certificates	39,256
Kosciusko County	Tax Lien Certificates	74,057
La Porte County	Tax Lien Certificates	110,106
Lagrange County	Tax Lien Certificates	34,909
Lake County	Tax Lien Certificates	484,564
Lawrence County	Tax Lien Certificates	45,922
Madison County	Tax Lien Certificates	133,358
Marion County	Tax Lien Certificates	860,454
Marshall County	Tax Lien Certificates	45,128
Martin County	Tax Lien Certificates	10,369
Miami County	Tax Lien Certificates	36,082
Monroe County	Tax Lien Certificates	120,563
Montgomery County	Tax Lien Certificates	37,629
Morgan County	Tax Lien Certificates	66,689
Newton County	Tax Lien Certificates	14,566
Noble County	Tax Lien Certificates	46,275
Ohio County	Tax Lien Certificates	5,623
Orange County	Tax Lien Certificates	19,306
Owen County	Tax Lien Certificates	21,786
Parke County	Tax Lien Certificates	17,241
Perry County	Tax Lien Certificates	18,899
Pike County	Tax Lien Certificates	12,837
Porter County	Tax Lien Certificates	146,798
Posey County	Tax Lien Certificates	27,061
Pulaski County	Tax Lien Certificates	13,755
Putnam County	Tax Lien Certificates	36,019
Randolph County	Tax Lien Certificates	27,401
Ripley County	Tax Lien Certificates	26,523
Rush County	Tax Lien Certificates	18,261
Scott County	Tax Lien Certificates	22,960
Shelby County	Tax Lien Certificates	43,445
Spencer County	Tax Lien Certificates	20,391
St. Joseph County	Tax Lien Certificates	265,559
Starke County	Tax Lien Certificates	23,556
Steuben County	Tax Lien Certificates	33,214
Sullivan County	Tax Lien Certificates	21,751
Switzerland County	Tax Lien Certificates	9,065
Tippecanoe County	Tax Lien Certificates	148,955
Tipton County	Tax Lien Certificates	16,577
Union County	Tax Lien Certificates	7,349
Vanderburgh County	Tax Lien Certificates	171,922
Vermillion County	Tax Lien Certificates	16,788
Vigo County	Tax Lien Certificates	105,848
Wabash County	Tax Lien Certificates	34,960
Warren County	Tax Lien Certificates	8,419
Warrick County	Tax Lien Certificates	52,383
Washington County	Tax Lien Certificates	27,223
Wayne County	Tax Lien Certificates	71,097
Wells County	Tax Lien Certificates	27,600
White County	Tax Lien Certificates	25,267
Whitley County	Tax Lien Certificates	30,707

 

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