Tax Sale Forum > General

minimum bid set much higher than assessed value

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ErnestBidder:
  Can anyone inform me as to the legality of a municipality posting a tax sale property that  is assessed at, say, $12,880.63, and setting the minimum bid at $190,000? Are they allowed, or required, to set the bid at, or near, current market value?

mountainman:

--- Quote from: ErnestBidder on June 08, 2023, 01:53:31 AM ---  Can anyone inform me as to the legality of a municipality posting a tax sale property that  is assessed at, say, $12,880.63, and setting the minimum bid at $190,000? Are they allowed, or required, to set the bid at, or near, current market value?

--- End quote ---

I am Mountainman

Greetings my friend Ernie

While the rules may seem screwy,

The municipality can collect all arrears

Including amounts added over the years.

For i am Mountainman

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