WHEN IS TAX SALE HELD?
The Talladega County Land Tax Sale for all delinquent tax properties is held annually in May. Properties are advertised in local Daily Home Newspaper 3 weeks prior to Tax Sale date. The sale is held in a public outcry auction, beginning at 10:00 a.m.
HOW TO REGISTER FOR TAX SALE?
Registration is required for all individuals who will participate in the tax sale. There is no charge for registration.
- Registration begins at 8:00 a.m. prior to sale beginning at 10:00 a.m. in the Revenue Commissioner's Office (Property).
- For all registrants who will pay by check, you must have a Letter of Security from your bank to present at time of registering.
- Required Registration Info: Name, Address, Telephone Number, and/or Letter of Security for registrants paying by check.
Anyone wishing to purchase tax property must appear in person. Public auction bidding will start at the amount advertised in the Daily Home Newspaper. If there are bids, property interest goes to the highest bidder. (Overbidding is allowed, but interest applies only up to 15% of the appraised value of the property. Any portion of the overbid that exceeds this percentage will not earn interest.)
PURCHASING PROPERTY TAX INTEREST?
- In Alabama, purchasers of tax sale properties are purchasing the Tax Interest ONLY, not the property.
- Payment in full is required at the end of the sale.
- Payment methods: cash, money order, or certified funds. Credit Card Payments are NOT accepted at this time.
- A Certificate of Land Sold for Taxes will be issued after the sale is finalized. All certificates will be sent by mail. (This is NOT a Tax Deed).
AFTER THE TAX SALE PURCHASE
The property can be redeemed at any time within the first 3 years from the date of the Tax Sale. The owners of said property can redeem this property through the Revenue Commissioner's Office.
The principal, plus interest, at the time of redemption is refunded to the purchasers of the tax lien. The current rate of interest is 12% annually. The certificate of sale is then null and void.
A tax deed cannot be issued until 3 years from the date of the tax sale. At that time the purchaser must surrender his certificate to the Revenue Commissioner, who then issues a tax deed.
WHAT HAPPENS TO PROPERTIES NOT PURCHASED AT TAX SALE?
Any properties NOT purchased at the Tax Sale by individuals or companies, are sold to the State of Alabama. Anyone wishing to buy tax interest at this time must contact the Alabama Department of Revenue and they will only accept certified checks for tax sale properties.
Alabama State of Department of Revenue
Ad Valorem Tax Division
P.O. Box 327210
Montgomery, AL 36132-7210
Additional information can be found in the Code of Alabama 1975, Title 40, Chapter 10, Sale of Land.