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Updated 8 months ago on . Most recent reply

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Tax Deed Sales In Texas

Alonso Rodriguez
Posted

I am new to investing and have been doing some homework/studying what I can find and reading as much as I can. I have a question as far as the auctions go. On an auction I was researching the Tarrant County Tax website lists the total due for: $14,079.  the est min bid starts at $4600, adjudged value 128k and in the notes it states: LAND/IMP; SOLD SUBJECT TO 2022 TAXES; HOMESTEAD. My question is IF the winning bid was for the $4600 (assuming nobody bid against you) doesn't the winning bid, wipe out the taxes, is this correct? If so what is the purpose of the Tax Office website listing the total due of $14079? does that matter to us the bidders? And why put notes 'subject to 2022 TAXES'? I am currently just researching and want to attend and observer an auction soon. I def know I am not ready yet to bid, but was curious about this example. 

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