Category: State Information

Washington Tax Deeds

Sale Type Tax Deeds
Interest Rate N/A
Bid Method Highest Bidder
Sale Date(s) Winter
State Statute(s) Title 84
Over-the-Counter Yes
State Website http://access.wa.gov

Washington State Overview:

After the counties have held onto tax lien certificates that have been delinquent for three years, they will hold a sale offering the tax deed at auction. The county will publish the list of tax deed properties in the local newspaper approximately three weeks prior to the sale. The property owner has until 5:00 pm the day before the auction to pay his or her back taxes, fees, and any penalties. This is what the starting bid will begin at also including any administrative costs. Some counties in Washington do have tax deed properties that are available after the tax sale. They are called “tax-title” properties and will be found under the real property division. Most of the tax-title properties are land. Washington does provide some funding in some of the counties. It will start at a 9.25% interest rate and can carry a contract for up to ten years for a $50,000 tax deed. Here are a few of the counties that have funding: Coos, Clackamus, and Deschutes. Quit claim deed forms can be found on www.vuwriter.co.

Washington is an oral bid state that uses the “Premium Bid” method. The tax deed will be bid up in price until a high bidder has been established. The starting bid will include all taxes, fees, administrative costs, and any penalties. Each bidder is required to register before the tax deed auction begins. It is possible for one to stand in another’s stead for bidding.Y ou must contact the county and get a notarized statement giving permission for that person to represent you.

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Sale Type: Tax Deed
Interest Rate: N/A
Bid Method: Highest Bidder
Redemption Period: N/A
Sale Date(s): Year Round
Statute Section(s): wisconsin.gov/statutes
Over-the-Counter: Yes
State Website wisconsin.gov

Wisconsin State Overview:

Every year, in the first part of September, the county treasurer will issue tax lien certificates to the county on all over delinquent taxes. The county then keeps these tax liens for two years. After August 31st of the second year, any properties that the county is still holding will be foreclosed on by the county holding the tax lien. The county then becomes the new property owner. The county then holds a tax deed sale where the tax deeds are sold and transfer ownership to the highest bidder.  The county then issues the winning bidder the tax deed to the property. This sale is usually known as the tax delinquent real estate sale. About six weeks prior to the sale the counties will publish the list of delinquent tax deed properties in the local newspaper. The property owner has up until 5:00 pm the day before the auction to pay all delinquent taxes, penalties, and fees.

The highest bidder will be awarded the tax deed. Some counties in Wisconsin also accept sealed bids. These bids are opened prior to the sale and will be bid appropriately (you will have to talk to the county to see if they are one that does if this is your preferred method of bidding). Prior to bidding, an investor is required to register. Some counties require a certain amount of time for pre-registration, so check with the county for details and time frames. You will then be issued a bidder’s number, which you will use during the tax deed auction. The county’s starting bid includes back taxes, penalties, interest, and any administrative costs incurred. This is called a “premium bid”. A sealed bid will be considered and must be submitted to the county the day prior to the sale. The investor must pick up the bidder’s form from the county along with their amount of the sealed bid and include it in an envelope. When submitted it then becomes a “sealed bid”.