If there are no bidders for a certificate, it is issued to the County at 18% interest. Currently, county held tax certificates
are available for purchase through our tax sale vendor. This information is accessible through our website by selecting the
“LienHub” icon. Procedures may vary from sale to sale and interested parties are encouraged to review our website for
current tax sale information.
HOW ARE TAX CERTIFICATES “REDEEMED”?
In order to clear the property of the tax certificate lien, the property owner must pay the amount of the tax certificate plus
the rate of interest at which the certificate was sold, calculated from the month of the sale to the month of redemption.
When a tax certificate is redeemed, on or after June 1
st
, a $6.25 redemption fee is also charged. After redemption, the
certificate holder receives the amount invested plus interest. Certificates bid at 0% interest DO NOT accrue interest. The
payor’s remittance releases the tax lien, and the certificate holder has no further claim on the property. Interest earned is
taxable and must be reported to the IRS. Each January, an IRS 1099-INT form is sent to each certificate holder for
interest earnings in the previous year (Chapter 197.472 Florida Statutes).
WHAT HAPPENS IF THE CERTIFICATE IS NOT REDEEMED?
If the certificate is not redeemed within two years from the date of delinquency in the year the certificate was issued, the
certificate holder may apply for a tax deed, and bring the land to sale at public auction. Example: 2007 taxes became
delinquent on April 1, 2008; therefore, a tax deed application may be made after April 1, 2010. A certificate holder who
wishes to apply for a tax deed must redeem all other certificates and pay other fees as mandated by state law. Certificate
holders must make tax deed applications through our tax deed vendor. This information is accessible through our website
by selecting the “LienHub” icon.
CAN TAX CERTIFICATES BE CANCELLED?
In the event of an error in a tax certificate, it can be cancelled or corrected by the authority of the Department of Revenue.
Effective October 1, 1998, per Chapter 98-167, Section 3, Laws of Florida and F.S. Statute 197.432(11) and applicable to
tax certificates sold after that date; refunds on void or corrected tax certificates will earn interest at the rate of 8% or the
rate of interest bid at the tax certificate sale, whichever is less.
A tax certificate may also be cancelled if it is learned after the sale that a pre-existing stay order from the Bankruptcy
Court was in effect on or before June 1
st
. In that case, the amount paid for the certificate will be refunded. In the event of
a bankruptcy proceeding initiated after the sale of the lien, there are no guarantees – the United States Bankruptcy Court
Judge will determine the amount, if any, the certificate holder will receive.
CAN TAX CERTIFICATES BE SOLD OR TRANSFERRED?
Tax certificates may be sold and/or assigned to another party. These may be transferred on the LienHub website. You
can access this website by clicking on the “LienHub” icon on the Tax Collector’s website. There is a $2.25 fee for
recording each assignment in the official records. In addition, the new owner will need to be registered with our tax
certificate vendor. When an assigned certificate is eventually redeemed, the total accumulated interest from the original
date of issuance is reported to the IRS under the present certificate holder’s social security/Federal tax ID number,
regardless of the date of transfer.
WHAT IS THE LIFE OF A TAX CERTIFICATE?
The life of a tax certificate is seven years from the date of issuance, which is the first day of the sale as advertised. If the
certificate holder does not apply for a tax deed within the seven years, the tax certificate is not redeemed, and no other
administrative or legal proceeding has existed, the certificate is null and void and the certificate holder is out their initial
investment (Florida Statute 197.482). Please note that if the last day falls on a weekend it will become void on the last
working day.
IS THIS A RISK FREE INVESTMENT?
Certificate buyers need to be aware that there are inherent risks involved with buying tax certificates, and those risks
are borne solely by the certificate holder. As with any investment, there is an element of risk. The following are
examples of possible risks to consider: