Delinquent Real Estate Taxes

Delinquent Real Estate Taxes and Personal Property Taxes

Real estate taxes become delinquent on April 1 of the year following the year of assessment. A 3% mandatory interest charge is added to the amount due at that time. If the taxes remain unpaid, the delinquent property will be advertised once a week for 3 consecutive weeks prior to the Tax Certificate Sale and the advertising fee will be added to the tax bill.

The Tax Collector is required by law to hold a Tax Certificate Sale on or before June 1 each year. If payment is not received by 5:00 pm on the business day immediately preceding the date the tax certificate sale has been advertised to begin, a certificate will be issued and additional charges will accrue.

The Tax Certificate Sale for delinquent 2009 taxes will be conducted on line through www.bidpinellas.com on  June 1, 2010.  For answers to frequently asked questions, go to www.bidpinellas.com  Actual 2010 tax data will go "live" on that site for prospective bidders to review as of May 14, 2010.

A tax certificate is an enforceable first lien against the property for unpaid real estate taxes. The sale allows investors to purchase certificates by paying the tax debt. The sale is conducted in a reverse auction style with participants bidding downward on interest rates starting at 18%. The certificate is awarded to the bidder who will pay the taxes, interest and costs and accept the lowest rate of interest. If there are no bidders, the certificate is issued to the County at 18% annual interest.

To redeem the certificate, the property owner or his representative, must pay the Tax Collector the delinquent taxes plus accrued interest, advertising costs and collection fees. Payment of delinquent taxes must be made with a cashier’s check, money order, cash or credit card. The amount due for delinquent taxes is determined by the date received by the Tax Collector and not the postmark. After payment is received and validated, the certificate holder is reimbursed the cost of the certificate plus interest and the lien against the property is removed.

If taxes remain unpaid, the certificate holder may file a tax deed application with the Tax Collector two years after the date of delinquency. The property will be sold at a public auction conducted by the Clerk of the Circuit Court should the property owner fail to pay the tax debt.

For more information about delinquent taxes you may contact us at 727-464-7777.

Yearly Comparison of the 2006-09 Internet Tax Certificate Sale Results

Year

2006

2007

2008

2009

Date Tax Sale Started

 

June 1, 2007

 May 31, 2008

June 1, 2009

Duration of Sale

 1 day

  1 day

1 day

1 day

Number of winning bidders

36

26

37

88

Average interest rate

0.5869%

0.30%

6.71% 

8.99%

Number of certificates issued

12,578

17,804

 21,599

23,265

Value of certificates issued

  $35,580,394 

  $62,203,116 

  $76,373,807 

  $87,686,042