Florida Statutes provide that the Clerk of the Circuit Court and County Comptroller is responsible for the administration of tax deed sales.
Frequently Asked Questions:
What is a tax deed sale?
A tax deed sale is the sale of property at public auction for back taxes and fees associated with bringing the property to sale. This is governed by Chapter 197, Florida Statutes, and Administrative Code 12D-13.060, Florida Department of Revenue.
What are some of the things that I should know before a sale?
All properties are sold at public auction at the Clerk and Comptroller's office in Sarasota (Historic Courthouse, 2000 Main Street, Sarasota, FL, 34237). Anyone may bid on the property, which is sold to the highest bidder. A bidder must be able to demonstrate their ability to post a non-refundable deposit of 5 percent of the bid or $200.00, whichever is greater, for each file at the time of the sale.
Per Florida Statutes 197.542(2), the total amount of the bid, plus recording fees, must be received by the Clerk within 24 hours after the advertised time of the sale. Payment must be made by cash, cashier's check or money order only, made payable to the Clerk of the Circuit Court and County Comptroller.
Why must I post a deposit equal to 5 percent of the bid or $200, whichever is greater, for each file?
The high bidder of each file must post a non-refundable cash, cashier's check or money order deposit of 5 percent of the bid or $200.00, whichever is greater, at the time of the sale. The deposit will be applied to the sale price upon receipt of full payment. If full payment of the final bid and of documentary stamp tax and recording fees is not made within 24 hours (excluding weekends and holidays) the Clerk and Comptroller will pay the costs of re-advertising the sale and pay all costs of the sale from the deposit.
What happens if I am the high bidder?
Once all fees have been paid, a Tax Deed is issued and recorded in the name you request for the property on which you were the high bidder. According to §197.562 of the Florida Statutes, "Any person, firm, corporation, or county that is the grantee of any tax deed under this law shall be entitled to the immediate possession of the lands described in the deed."
How often are the sales held?
Tax Deed sales are conducted one to two times per month. This can vary from month to month, based upon the number of applications the Clerk and Comptroller receives from the Tax Collector.
How do I find a list of the upcoming Tax Deed sales?
A list of upcoming sales can be found in the Gulf Coast Business Review in the Legal Notices section. Publications appear on Fridays. Go to www.gulfcoastbusinessreview.com to view notices.