If a property owner does not redeem the tax certificate, what happens after the redemption period?

Study for the Florida Mutual Recognition Test. Use flashcards and multiple choice questions, each with hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

If a property owner does not redeem the tax certificate, what happens after the redemption period?

Explanation:
In Florida, a tax certificate is a lien on the property for unpaid taxes. If the property owner does not redeem that lien within the allowed redemption period, the next step is to pursue a tax deed. The certificate holder can petition to have the property sold through a public tax deed auction to recover the delinquent taxes, penalties, and costs. The winning bidder receives a tax deed, which transfers ownership, subject to any remaining liens or rights. So, after the redemption period lapses without redemption, the property is offered for sale at auction to satisfy the tax lien.

In Florida, a tax certificate is a lien on the property for unpaid taxes. If the property owner does not redeem that lien within the allowed redemption period, the next step is to pursue a tax deed. The certificate holder can petition to have the property sold through a public tax deed auction to recover the delinquent taxes, penalties, and costs. The winning bidder receives a tax deed, which transfers ownership, subject to any remaining liens or rights. So, after the redemption period lapses without redemption, the property is offered for sale at auction to satisfy the tax lien.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy