Florida

In State Info by TSL Admin


Primary Sale Type: Tax Lien Certificate
florida
Secondary Type(s): Tax Deed / OTC Lien / OTC Deed
Sale Date(s): Annually: April - June (Liens) / Monthly - if available (Deeds)
Bid Type: Bidding-Down-Interest (Liens) / Premium Bidding (Deeds)
Rate of Return: 18% per annum maximum interest - 5% minimum (Liens)
Redemption Period: 2 years from date of sale (Liens)
Over-the-Counter: Lien / Deed
Statute Section(s): Title 14 Chapter 197
State Website: www.myflorida.com

State Overview:

There are 67 counties in the state of Florida.

County Directory

The two most populous areas in Florida are Miami-Dade (2,496,000+) and Broward (1,748,000+) County.

Search Demographics:

Florida is classified as a Hybrid state; each county holds an annual Lien sale begining in the spring time, as well as monthly Deed sales. On the day and approximately at the time designated in the notice of the sale, the tax collector shall commence the sale on those lands on which taxes have not been paid.

Auction Process / Redemption:

Depending on the type of sale, the tax collector will use one of two bidding systems accordingly. For Lien sales, the system used is 'Bid Down Interest', lowering the percentage of interest owed with each bid by 1/4 of a percent. When holding an auction for Deed sales, the tax collector will use a 'Premium Bid' system. Sales are held either by public oral auction or on the internet. The maximum interest allowed for Lien sales is 18% per annum, with the minimum being 5%. The homeowner has 2 years from the date of a Lien sale to redeem the certificate.

The smaller counties usually have deed sales every two or three months, while the larger counties might hold one every month. Deed sales are scheduled once the redemption period for a purchased lien has expired. The certificate holder will request a sale upon expiration and may or may not be awarded the deed, as it will be returned to auction. The certificate holder may only be awarded the deed if they are the winning high bidder.

State Resources:

Resource Description Instructions and Additional Information
Florida Association of Court Clerks and Comptrollers Links to clerk of the courts websites in Florida. Click the name of the county to go to their website, or, click 'Clerk Directory' in the left-hand menu to see contact information.
Florida Tax Collectors Association Contact information and website links for tax collectors in Florida. Find the desired county and click the tax collector's name to get contact informaiton. Then, click 'www' to visit their website.