TAX SALE INFORMATION

 

 

 

Carol Nauman                                                                                                                     Phone—660-882-2584

Cooper County Collector                                                                                                   Fax ------660-882-9058

200 Main Street == Room 27                                                                           Email – cnauman@classicnet.net

Boonville MO 65233                                                           If you have questions, we recommend you speak

                                                                                                With your attorney regarding any purchase.

Delinquent Tax Certificate Sale:

·                    All lands and lots on which taxes are delinquent and unpaid for three years are subject to a tax certificate sale at public auction.

·                    The tax sale is held annually on the fourth Monday in August commencing at 10 a.m. at the Cooper County Courthouse.

·                    Delinquent taxes with penalty, interest and costs may be paid to the County Collector at any time before the property is sold.

·                    The list of properties subject to sale is published in the Boonville Daily News for three consecutive weeks, the last being two weeks before the sale.

·                    Non-residents of Missouri may not bid unless special arrangements have been made with the Collector prior to the sale.

·                    The sale is conducted by the Collector.  Bidding begins for the amount of taxes, penalties and sales costs.

·                    Buyers must be present to bid.

·                    Each parcel offered is individually identified by its tax parcel number.

·                    Bidders must sign an affidavit stating they are 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.  An affidavit form is available at the sale for signature.

·                    The total purchase price must be paid to the Collector’s office immediately at the close of the sale.  Cashier’s check, personal check, bank draft, and/or credit cards are accepted.

·                    The Collector issues and mails a Certificate of Purchase to the purchaser.  The Certificate of Purchase is retained for one year by the purchaser or until the property is redeemed.

·                    The original property owner may redeem the property any time within one year from the sale date.

·                    The purchaser may assign ownership of the Certificate of Purchase by completing the assignment portion of the Certificate.  The assignee must be a resident of Missouri.  Such assignment must be notarized and presented to the Collector’s office to be recorded.  The Collector’s office has a notary public available.

·                    Liens are not extinguished at the time of sale or during any period of redemption.

 

Property Redemption:

Property sold at tax certificate sale for delinquent taxes may be redeemed within one year from the issuance of a Certificate of Purchase as follows:

  1. Property may be redeemed by the owner of record, or by any person holding a publicly recorded deed of trust, mortgage, lease, lien or claim upon the property.  If property is being redeemed on the owner’s or lien holder’s behalf, a signed statement of authorization from the owner or lien holder must accompany the redemption request.
  2. Please advise the collector’s office at least twenty-four hours prior to the date you will be redeeming; call to schedule an appointment and allow twenty minutes to process.
  3. Pay the collector the bid amount on the certificate or purchase plus 10% annual interest; except on property sold after August 28, 2004, pay 10% interest on the amount of sale less any surplus.
  4. Pay the collector the amount of any subsequent years taxes paid, if applicable, plus 8% annual interest.
  5. Pay the collector the redemption charge of twenty-five cents.
  6. Payments must be made by cashier’s check, money order, or bank draft – no personal checks will be accepted.

 

Any tax sale bid amount which resulted in a surplus amount above the delinquent taxes and sales costs paid by the certificate of purchase holder is available for the owner of record.  The collector remits the surplus amount to the owner of record when possible.  Otherwise, the surplus amount is deposited in a separate fund and held for the owner.  If undisputed, the surplus amount may be obtained from the Cooper County Treasurer.  Disputed claims are determined at a public hearing before the Cooper County Commission. 

 

The collector’s office notifies 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.  The collector will provide a check to the certificate of purchase holder for the redeemed amount less the twenty-five cents redemption fee.

 

A certificate of redemption will be issued to the owner of record when the property is redeemed.  The certificate of purchase holder will receive a copy of the certificate of redemption.

 

The Collector’s Deed:

 

If the property sold at tax certificate sale has not been redeemed during the one year redemption period of the two year redemption period on property sold prior to August 28, 2003, the holder of the certificate of purchase may apply for and receive a collector’s deed to the property.  A collector’s deed can be issued to the certificate or purchase holder provided the following has occurred:

 

1.      The legal holder of the certificate of purchase is named as the original tax sale purchaser or the assignee on the original certificate of purchase.

2.      A title search on the property has been made by the purchaser.

3.      The purchaser has provided an affidavit to the collector ninety days prior to requesting a collector’s deed that the purchaser has done the following:

Notified by certified mail the publicly recorded owner at the last know available address and anyone with a publicly recorded deed of trust, mortgage, lease, lien, or claim upon the property, that they have ninety days to redeem said property or be forever barred from redeeming said property; and

Provided to the collector verification for the above title search and certified mailings.

4.      The certificate of purchase holder has notified the collector by affidavit that no publicly recorded deed of trust, mortgage, lease, lien, or claim exists, if the search revealed no lien holders or claimants exists.

5.      Property liens, with the possible exception of a federal tax lien, are extinguished once a collector’s deed is issued assuming compliance with notification(s) to lien holder(s) is proven.

6.      The certificate of purchase has been surrendered to the collector.

7.      Appropriate fees have been paid to the collector including recording and collection fees.

8.      All taxes that accrued on the property have been paid.

 

Failure of the purchaser to obtain a collector’s deed within two years from the date on the certificate or four years from the date on the certificate of purchase for property sold prior to August 28, 2003, results in the loss of the purchaser’s lien on the property.

 

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jsullivan