Tax Certificate Sale
What is the Auction Process?
Certificates are sold in the order advertised. Bidding begins at 18 percent (the maximum rate) and bids down in decrements of one quarter of one percent. Each certificate is sold individually to the bidder offering the lowest interest rate. In the case of a tie at the lowest rate, the winner will be selected using a random number generator in the auction software. Items that receive no bids are "struck" to the county and become county-held certificates. Bids are accepted at 0.00% (zero), but certificates awarded at this rate WILL NOT accrue interest. Bids at 0.00% will not be treated as Proxy bids even in sales using Proxy Bidding.