Can I purchase a property as a fraction of its value?
This is also a common misconception. Although properties may be sold at bargain prices, the Circuit Court is required to ensure that the property is sold for a fair and reasonable price. The fair market value of the property is determined through the tax sale process based upon expert evidence as well as appraisals. The Court is required to reject any bid that falls substantially below this value. The city also reserves the right to reject any bid that does not cover all of the taxes and expenses of the sale.

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1. How do I qualify as a bidder at the auction?
2. What are the starting bid prices of properties?
3. What is the bidding process?
4. What happens to the properties that are not sold at the auction?
5. How do I find out the results of an auction, including which properties were sold to whom and for what amount?
6. How long does the tax sale process take and when can I expect my property to be sold?
7. What are the general steps in the tax sale process?
8. When is a property eligible for the tax sale?
9. Can someone obtain ownership of real estate by paying off the delinquent taxes and avoid the tax sale process?
10. Does an advertisement in the newspaper entitled "Notice of Judicial Sale of Real Property" announce the sale of properties?
11. Can I purchase a property as a fraction of its value?
12. What else should I know if I am interesting in purchasing property at a tax sale?