If a real estate owner does not pay the required taxes on a property, the county will offer the property up for sale at an auction as a “tax sale” to help generate the lost tax income. The purchaser pays the delinquent taxes to the county on behalf of the delinquent property owner.

How does a tax sale work in Indiana?

Tax sales may be electronic, in which case the county treasurer will provide computer terminals open to the public at a designated location. Although property must be sold to the highest bidder, the Indiana Code sets a minimum sales price for each property.

What is a tax collection sale?

A tax sale is the sale of a piece of real estate due to unpaid property taxes. There are two types of tax sales: a tax deed sale, which sells the property, including unpaid taxes, at auction, and a tax lien sale, which sells the liens on the property to a buyer who may then pursue the collection of monies owed.

How long can you go without paying your property taxes in Indiana?

If you fail to pay your taxes and the penalty within 30 days, the penalty increases to 10 percent of the unpaid tax.

How long can you be delinquent on property taxes in Indiana?

one year
How Long Is the Redemption Period After an Indiana Tax Sale? Generally, the homeowner gets one year after the sale to pay the redemption amount and reclaim the property following a tax sale. (Ind. Code § 6-1.1-25-4).

What happens when you buy a home in a tax sale?

In some states, the government will seize homes with unpaid property taxes and then sell the properties at a tax deed sale, which is a public auction. The property at a tax deed sale is usually sold for the amount due in unpaid taxes, plus fees and interest charges. It’s also known as a foreclosure auction.

How does the government sell property with unpaid taxes?

In some states, the government will seize homes with unpaid property taxes and then sell the properties at a tax deed sale, which is a public auction. The property at a tax deed sale is usually sold for the amount due in unpaid taxes, plus fees and interest charges.

What happens when a property owner neglects to pay taxes?

A property owner neglects to pay his or her taxes. A waiting period initiates. State laws vary on the waiting time before the tax collectors intervene; it can range from a few months to a few years. The unpaid taxes are auctioned off at a tax lien sale. The highest bidder gets the lien against the property.

What happens when you sell a tax deed?

All tax deed sales will be subject to any unpaid governmental judgments or liens. All tax deed sales are made without any warranties or representations as to the status of the title and the condition of any improvements on the property.