Information for next years Delinquent Tax Sale will be posted July 15, 2015.
DISCLAIMER: The following is provided
as general information only! You are strongly advised to
contact an attorney for any legal advice.
Pursuant to Revised Missouri Statutes Chapter
140, any real estate that has three years delinquent taxes must be
offered for sale to discharge the lien for the delinquent and unpaid
taxes.
The delinquent tax sale is held annually, on
the fourth Monday in August, commencing at 10:00 a.m. on the North
Entrance of the Morgan County Courthouse.
The list of properties subject to sale are
published in The Versailles Leader-Statesman newspaper for three
consecutive weeks prior to the tax sale. The
list of properties
will be available on this web site upon publication of the first ad.
Non-residents of Missouri may not bid unless
special arrangements have been made with the Morgan County Collector
prior to the sale.
The sale is conducted by the Morgan County
Collector. Bidding begins at the amount of taxes, penalties and
advertising cost.
Buyers must be present to bid, and must sign an
affidavit stating that he/she is not currently delinquent on any tax
payments on any property. Failure to sign such affidavit, as well
as signing a false affidavit, may invalidate the property purchase.
The successful bidder receives a certificate of
purchase sheet identifying the parcel and bid price at the auction.
The certificate or purchase is retained for one year or until the
property is redeemed.
The total purchase price must be paid to the
Morgan County Collector’s office immediately at the close of
the sale. Cashier’s check, personal check and/or cash are accepted.
If the bid is not paid, a penalty of 25% of the
bid amount plus a Prosecuting Attorney’s fee, may be assessed
against the bidder.
Liens are not extinguished at the time of sale
or during any period of redemption.
Future tax bills will be mailed in care of the
purchaser, but will remain in the previous owner’s name until a
Collector’s Deed is issued.
Property Redemption
Property sold for delinquent taxes may be
redeemed within one year from the issuance of a Certificate of
Purchase.
Property may be redeemed by the owner or
occupant of any land or lot sold for taxes, or any other persons
having an interest therein as follows:
Pay the tax and additional fee amounts due at
the time of the sale, plus 10% interest.
Pay the amount of any subsequent years’ taxes
paid, plus 8% interest.
Pay the costs of the title search, certified
mailing fees, and for recording the release of the certificate of
purchase.
The Collector’s office will notify the
Certificate of Purchase holder when the property has been redeemed.
If the Certificate of Purchase holder fails to
get a tax deed for the land purchased within six months after the
expiration of the one year, no interest shall be charged or
collected from the redeemer after that time.
Collector’s Deed
If the property has not been redeemed during
the one-year redemption period, the holder of the Certificate of
Purchase may receive a Collector’s Deed to the property.
A Collector’s Deed can be issued to the Certificate of Purchase holder or the assignee provided the following has occurred at least ninety days prior to the expiration date of the one year redemption period. The following items that need to be done are very date specific. Please contact the Collector’s Office for the specific dates these items must occur.
1.
The Certificate of Purchase holder shall obtain a title
search report from a licensed attorney or licensed title company
detailing the ownership and encumbrances on the property. Such
title search report shall be declared invalid if the
effective date is more than one hundred twenty days from the date
the purchaser applies for a collector’s deed.
2.
The Certificate of Purchase holder shall notify the owner of
record and any person who holds a publicly
recorded unreleased deed of trust, mortgage, lease, lien, judgment,
or any other publicly recorded claim upon that real estate of such
person’s right to redeem the property. Notice shall be sent by
both first class mail and certified mail return
receipt requested to such person’s last know available address. In
the case that both the certified notice return
receipt card is returned unsigned and the first class mail is
returned for any reason except refusal, where the notice is returned
undeliverable, then the purchaser shall attempt additional notice
and certify in the purchaser’s affidavit to the collector that such
additional notice was attempted and by what means.
3.
The purchaser shall notify the county collector by
affidavit of the date that every required notice was
sent to the owner of record and, if applicable, any other publicly
recorded claim on the property. To the affidavit, the purchaser
shall attach a copy of a valid title search report, as well as
completed copies of the following for each recipient: First class
mail; certified mail notice; addressed envelopes as they appeared
immediately before mailing; certified mail receipt as it appeared
upon its return; and any returned regular mailed envelopes. (An
affidavit can be obtained from the Collector)
Once the Certificate of Purchase holder,
has notified the Collector by affidavit that all the
ninety days’ notice requirements have been met, the purchaser is
authorized to acquire the deed, provided that a collector’s deed
shall not be acquired before the expiration date of the redemption
period.
The Certificate of Purchase holder shall pay
all taxes that have accrued thereon since the issuance of said
certificate.
Fees of $1.50 per Collector’s Deed and $27.00
per deed for the recording fee must be paid.
If the Certificate of Purchase holder
fails to cause a deed to be executed and placed on record in
the proper county within two years from the date of said sale,
assignment of said Collector’s deed is prohibited,
pursuant to Revised Missouri Statues Chapter 140.410. |