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Updated about 4 years ago on . Most recent reply

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Wryland Reed
  • New to Real Estate
  • Miami Beach, FL
6
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28
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Tax Lien Question for unpaid taxes

Wryland Reed
  • New to Real Estate
  • Miami Beach, FL
Posted
What is the process for a property getting unpaid taxes sold to public bid in Miami Dade County?

If I found a property that has not paid their taxes for a year or two, what is the exact process for paying the taxes and placing a lien on the property?

I can call the Miami-Dade County tax collector's office and find homes that have not paid their taxes... how long is it before I can pay the taxes and place a lien on the property for that amount? Or what is the length of time I have to wait before it is offered at public auction and can I only wait until that time?

Please respond if you have purchased tax liens or if you have an example from your county or especially Miami-Dade.

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

The tax collector sells Tax Certificates in June of each year for taxes not paid for the preceding year.  But, there is no advantage to buying these, as far as eventually owning the property.  Eventually, one of the Certificate holders will have the property go to a public Tax Deed auction, which is the only way to buy these properties for taxes....but again, the Certificate has no advantage, they’d have to bid against everyone else.

At no time can you “ simply pay the taxes” and get a lien.

The majority of Certificates go for less than 1% annual interest, with a minimum 5% total interest over the life of the Certificate.  Buying “tax liens” in FL have none of the advantages that they do in other states.

The Tax Deed auctions are online, where the mortgage foreclosure auctions are, on the Clerk of court website.

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