How To Stop A Property Tax Sale In Clermont Florida
Do you owe back property taxes in Clermont Florida? If so, you might be facing a property tax sale, which is also called a tax deed auction. Today, we’re going to explain how the property tax sale process works in Florida and go over some options to stop a property tax sale in Clermont Florida.
How The Property Tax Sale Process Works In Clermont Florida
The property tax sale process for properties with unpaid taxes is handled according to Florida law, so it works the same way in every Florida county. It all starts when you don’t pay your property tax bill on time. Property taxes in Florida are due on March 31st of the following year. For example, your 2019 property taxes are due by March 31, 2020.
Tax Certificate Sale
If you don’t pay your property taxes by March 31st, the county tax collector will hold a tax certificate sale on June 1st. At the tax certificate sale, tax certificates are auctioned off for properties with delinquent taxes. A tax certificate entitles the holder of the certificate to the unpaid tax amount plus interest.
The tax certificates are auctioned off according to interest rate. The auction starts with a high interest rate, and the interest rates get lower with competitive bidding. The bidder who is willing to receive the lowest interest rate on the unpaid tax amount wins the auction.
Once a tax certificate has been sold for the property, the tax certificate holder must wait at least 2 years before they can apply to force a public auction of the property. During this 2 year period, the owner of the property can come forward and redeem the property by paying off the unpaid taxes plus interest to the certificate holder. This means that you still have time to stop a property tax sale in Clermont Florida.
Property Tax Sale (Tax Deed Auction)
If the property is not redeemed by the owner within the 2 year period, the tax certificate holder can apply for a forced public auction of the property. This auction is called a tax deed auction or property tax sale. It is at this auction that the actual title of the property gets auctioned off to the highest bidder. Once the title of the property is auctioned off at the tax deed auction, you will not be able to stop a property tax sale in Clermont Florida.
The proceeds of the tax deed auction will go to the tax certificate holder to pay off the unpaid taxes plus interest and fees. Any excess funds or overage will go to lien holders, if any. Any proceeds left over after the property taxes, interest, and lien holders have been paid is held by the county and can be claimed by the previous owner of the property.
Options To Stop A Property Tax Sale In Clermont Florida
There are not many options to stop a property tax sale in Clermont Florida. The most straightforward thing to do is to pay the delinquent property taxes, however, that is not something that is easy to do for some people.
Another option to stop a property tax sale in Clermont Florida is to apply for a payment plan with the county. Of course, you’ll still need to be able to make the quarterly payments, but this can be a good option for people who cannot afford to pay the entire tax amount at one time.
If you cannot afford to pay the property taxes in full or make the quarterly payments on a payment plan, it may be time to consider selling the property. Depending on how far along in the property tax sale process you are, you may need to act quickly to avoid having the property auctioned off and sold on someone else’s terms.
If you do need to sell your property quickly in order to stop a property tax auction in Clermont Florida, we can help! We can pay cash for the property and close very quickly, in as little as 7 days! You won’t have to make any repairs and we’ll pay all of your closing costs. There are also no fees or commissions to pay. Contact us using the form below to get the process started.
Why You Should Sell Your Property Before A Property Tax Sale In Clermont Florida
You may be wondering why you should sell your property to a cash home buyer like My Florida Home Buyers in order to stop a property tax sale in Clermont Florida when the excess proceeds of the property tax sale will be made available to you anyways. Great question!
The reason you should sell your property before it goes to a property tax sale in Clermont Florida is because you’ll almost always get more money in your pocket by selling the property yourself. Not only will you be able to sell the property on your terms, but the sale price will usually be higher. That’s because we’ll actually be able to come inspect your property before making you an offer, so our offer will be more accurate and will reflect the actual value of the property. The bidders at the property tax auction will always assume the worst since they cannot inspect the property before the auction, which means you won’t get as much money from the sale.
Need To Sell Your Property In Order To Stop A Property Tax Sale In Clermont Florida?
We can help stop a property tax sale in Clermont Florida! Contact us today for a fast, no-obligation cash offer on your property. We can buy the property in its current, as-is condition. You won’t have to make any repairs or updates or even clean out the property. We can close in as little as 7 days to help you stop a property tax sale in Clermont Florida. We’ll also pay all of your closing costs and there are no fees or Realtor commissions. Get started by using the form below!
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About Clermont, FL
Clermont is the largest city in Lake County, FL. It is located about 22 miles west of Orlando and includes zip codes 34711 and 34715. The city was founded in 1884, and was named for the French birthplace of A.F. Wrotniski, the manager of the Clermont Improvement Company. Clermont is known for its rolling hills, which are unusual for Central Florida. Clermont is also home to the Florida Citrus Tower, which was built in 1956 and is one of the first constructed Florida landmarks. The City of Clermont encompasses an area of 11.5 square miles and is home to a population of approximately 29,358. The city’s motto is “Choice of Champions” and the area is a hub for sports such as cycling, triathlons, wakeboarding, and waterskiing.
Things To Do In Clermont, FL
Clermont is a large suburb of Orlando and there are plenty of activities for everyone. For nature lovers, there is Lake Louisa State Park which features guided horseback rides, guided kayak eco-tours, kayak, canoe, and bike rentals, fishing, hiking, biking, camping, and swimming. There are also over 20 miles of trails, seven lakes, 60 campsites, 20 cabins, a swim beach, a playground, multiple fishing piers, and much more. For wine lovers, Clermont is home to Lakeridge Winery, a 127-acre estate just to the north. One of Clermont’s most recognizable landmarks is the Citrus Tower, a 500 foot Monument to Central Florida’s famous citrus industry. Visitors can take an elevator to the glass-enclosed observation deck. From there you can see for miles, including hundreds of lakes and eight counties.
Weather In Clermont, FL
The Clermont area is hot and muggy in the summer when temperatures can reach an average high of 90°F during July and the rain chance averages 73%. The humidity in Clermont also peaks during the summer months, with most days at near 100% humidity. The winter months of December through February are much more tolerable, With an average daily high temperature of 74°F and an average daily rain chance of only 15%. If you plan on swimming in Clermont, the months with the warmest water temperature are June through October, with an average temperature above 79°F.