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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 of
record, or by any other person having an interest therein as
follows:
ü
Pay the bid amount on the Certificate of Purchase,
plus 10% interest. Interest is paid only on the tax amount due at
the time of the sale.
ü
Pay the amount of any subsequent years’ taxes paid, if
applicable, plus 8% interest.
ü
Pay the Collector a redemption charge of seventy-five
cents.
ü
Pay a Title Search fee, if applicable.
The Collector’s office will notify the
Certificate of Purchase holder when the property has been redeemed.
The Certificate of Purchase must be surrendered to the Collector
before the holder will be reimbursed the bid amount plus interest.
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
requesting a Collector’s Deed.
ü
The Certificate of Purchase holder must do a lien
search on the property and notify by certified mail, any
person who holds a publicly recorded deed of trust, mortgage, lease,
lien, or claim upon the real estate, of their right to redeem said
property. A copy of this search and certified mailing must be
provided to the Collector.
ü
The Certificate of Purchase holder must notify by
certified mail the publicly recorded owner of the property, at
such person’s last know available address, of their intent to obtain
a Collector’s Deed. A copy of this certified mailing must be
provided to the Collector.
ü
A notarized affidavit, stating that such search
and mailings have been done, must be provided to the Collector.
Once the Certificate of Purchase holder has
notified the Collector by notarized affidavit that proper notice
has been given, anyone with a publicly recorded deed of trust,
mortgage, lease, lien or claim upon the property shall have
ninety days from the date of said affidavit, to redeem said
property or be forever barred from redeeming said property, and the
Collector’s Deed may be issued.
Fees of $1.50 per Collector’s Deed and $27.00
per deed from the recording fee must be paid.
If the Certificate of Purchase holder fails
to cause a deed to be executed and place 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. |
