Bidding Rules - 2021 Polk County Tax Lien Auction
If you are new to Realauction tax lien auction websites, we recommend you proceed in the following fashion:
If you are not completely familiar with the statutes governing tax liens in this state, read the “Tax Certificate Process” document located at the left of the home page. It is a plain English summary of the law and will only take ten minutes to read.
Review the Summary of Important Dates (see below)
Register. You will create your own User Name and Password as part of the process.
The next few items are the most important information regarding the use of the auction site, so be sure you understand them completely.
- Decide how much money you want to invest in tax liens for this auction. Pick a dollar amount. ($10,000 for example)
- Make a deposit of exactly 10% of that amount. The deposit is required and must be submitted before the deadline in order for your bids to be valid.
Bid as many quality liens as you can. Your deposit will limit how much you can win no matter how many bids you place, so bid as many quality items as possible. There is no penalty for running out of money. If you are fortunate enough to win all the liens you want, your remaining bids are simply ignored.
You may place as many bids as you like before making a deposit, but none of your bids will count unless the deposit requirement is met before the deadline (See Summary of Important Dates).
- As a batch closes, you may see the results for that batch by clicking “Results” on the menu inside the auction website. Clicking the “Sold To” link on the auction results page will display all the bids on that item along with other useful information. After seeing results, you may want to go back and change some of your bids in upcoming batches.
Summary of Important Dates
|Allow foreign bidder registrations||No|
|Single simultaneous bidder rule||No|
|Bidding style||Proxy Bid Auction|
|0 value bids use proxy system||No|
|Automatic certificate rollup / rollup fee||No||$0.00|
|Auction Dates and Times|
|Registration begins (site opens)**||Open All Year|
|Deposits, Registration fees and Budgets begin||05/01/2021 at 10:00 AM ET|
|Bidding begins||05/01/2021 at 10:00 AM ET|
|Deposits, Registration fees and Budgets end**||
05/24/2021 at 4:00 PM ET
Enter ACH Redemption Information
|Participation Requirements Due Date||05/24/2021 at 4:00 PM ET|
|Registrations end||04/10/2022 at 4:00 PM ET|
|First batch closes||06/01/2021 at 8:30 AM ET|
|Batch closing interval||60 Minutes|
|Last batch closes||06/01/2021 at 4:30 PM ET|
|Auxiliary batch opens (If applicable)||N/A|
|Auxiliary batch closes (If applicable)||N/A|
|Payment due date||06/04/2021 at 4:00 PM ET|
|Budget, Deposit and Payment Information|
|Deposit or Budget required (% of estimated winnings)||10%|
|Minimum deposit amount||$0.00|
|Registration Fee Refundable||No|
|Registration Fee Applied to Winnings||No|
|Deposit / Payment types acceptable:||Deposits||Payments|
|ACH auto-debit final payment||---||Yes|
|Redemptions available via ACH?||Yes|
|Public computers available||Bartow Main Office|
|** Subject to change. The site will open when approved by the County.|
For an explanation of any of the terms above, please visit the FAQs.
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