Annual Tax Sale |
|
As required by
Code of Alabama, Section
40-10-15 the Tax Collector conducts a sale (public outcry auction format) in May of each
year. For information on the next annual sale, for Birmingham please call (205)325-5084. For Bessemer Cutoff
please call (205) 481-4130 after May 1st and ask for a Tax Sale Information
Package.
|
| Annual Tax Sale FAQ
|
|
| 1. |
How many parcels are normally offered? Approximately
4000 tax certificates are offered annually. The total face amount of
certificates offered is usually around $2 million.
|
|
| 2. |
How is the sale conducted? Tax
certificates are auctioned one at a time, in unit number order. They are
sold to the highest bidder with the face amount as the minimum bid.
|
|
| 3. |
How long before I get a tax deed? If a
certificate that you purchase remains unredeemed on the three-year anniversary
of the tax sale, you are entitled to a tax deed.
|
|
| 4. |
If I buy a tax certificate, do I ever get
clear title? Investors typically buy tax certificates to
get a 12% return on their investment and usually do not get "clear title"
to the property, although it is possible. Please consult your real estate
attorney for legal advice.
|
|
| 5. |
How do I participate in the annual sale? You must
register at the appropriate time. For information on the next annual sale, for Birmingham please
call (205)325-5084. For Bessemer Cutoff please call (205) 481-4130
after May 1st and ask for a Tax Sale Information
Package.
|
