Boone County Collector
|Boone County Government Center
801 E. Walnut, Rm 118
Columbia, MO 65201-4890
Office (573) 886-4285
Fax (573) 886-4294
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Real Estate Property Tax - Delinquent Tax Certificate Sale
Prior to bidding, you should have already made yourself aware of Missouri laws which govern your rights and responsibilities as a purchaser.
We recommend consulting an attorney to help you understand and interpret the laws.
Do your research on the properties prior to bidding.
Failure to follow the laws regarding your responsibility as a purchaser may result in the loss of your interest in the property.
- All lands and lots on which taxes or special assessments are delinquent and unpaid are subject to a tax certificate sale at public auction.
- The tax sale is held annually on the fourth Monday in August commencing at 10:00 a.m. at the Boone County Courthouse.
- Delinquent taxes with penalty, interest and costs may be paid to the county collector at any time prior to the scheduled sale date.
- The list of properties subject to sale is published in a local newspaper for three consecutive weeks prior to the tax sale, and may be found online at www.showmeboone.com/collector.
- 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 with the help of an auctioneer. Bidding begins for the amount of taxes, penalties and sales costs.
- Buyers must be present to bid.
- Each parcel offered for sale is individually identified by advertised item number, parcel number and owner of record.
- Buyer 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 tax sale. Affidavits are available at the collector’s office or the sale site immediately prior to the tax sale.
- The successful bidder receives a sale sheet identifying the parcel and bid amount at the auction. The total bid amount must be paid to the collector’s office immediately at the close of the sale. Cashier’s check, bank draft, cash, or money order are accepted. Personal checks and credit/debit cards are not accepted.
- The purchaser is essentially purchasing a tax lien on the property. You DO NOT have ownership rights, nor can you gain immediate possession of the property.
- If the bid amount is not paid, a penalty of 25% of the bid amount plus a prosecuting attorney’s fee may be assessed against the bidder.
- The collector issues, records, and mails a certificate of purchase to the purchaser. The certificate of purchase must be retained to be surrendered if the property is redeemed or a collector’s deed is issued.
- The original property owner, or party having an interest, may redeem the property anytime within one year from the sale date.
- The purchaser may assign ownership of the certificate of purchase by completing the assignment portion on the certificate. The assignee must be a resident of Missouri. The certificate can not be assigned to anyone owing delinquent taxes. Such assignment must be notarized and presented to the collector’s office to be recorded, along with the cost to record the assigned certificate. The collector’s office normally has a notary public available.
- Property liens against the property are not extinguished at the time of sale or during any period of the redemption.
Property sold at the tax certificate sale for delinquent taxes may be redeemed within one year from the issuance of a certificate of purchase as follows; and thereafter until a collector's deed is issued:
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 lienholder’s behalf, a signed statement of authorization from the owner or lienholder must accompany the redemption request;
please advise the collector’s office at least twenty-four hours prior to the date you will be redeeming to schedule an appointment and allow twenty minutes to process;
pay the collector the bid amount on the certificate of purchase plus 10% annual interest on the amount of sale less any surplus;
pay the collector the amount of any subsequent years’ taxes paid, if applicable, plus 8% annual interest;
- pay the reasonable and customary costs of a title search and/or any required mailings that have been provided to the collector by the purchaser;
- pay the cost to record the release of the certificate of purchase; and,
- payments must be made by cashier’s check, money order, or bank draft. No personal checks or credit/debit cards 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. If undisputed, the surplus amount may be obtained from the Boone County Treasurer. Disputed claims are determined at a public hearing before the Boone 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.
A certificate of redemption will be issued to the owner of record when property is redeemed. The certificate of purchase holder will receive a copy of the certificate of redemption.
If the property has not been redeemed during the one year redemption period, the holder of the certificate of purchase may apply for and receive a collector’s deed provided the following has occurred:
all current taxes that have accrued on the property have been paid;
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;
- the purchaser obtained a title search report from a licensed attorney or licensed title company detailing the ownership and encumbrances on the property;
- Such title search report will be declared invalid if the date on such report is before March 1 following the date of purchase of the tax sale
- the purchaser has provided an affidavit to the collector, that at least 90 days prior to the date when the purchaser is authorized to acquire the deed, the purchaser has notified the owner of record at the last known available address and anyone with publicly recorded unreleased deed of trust, mortgage, lease, lien, judgment, or publicly recorded claim upon the property, by first class mail and certified mail return receipt requested, of the right to redeem;
The affidavit must include:
name of purchaser; date of sale; legal description of property purchased; date and to whom every required notice was sent; and have attached copies of the following documents:
title search report;
- and, for each recipient, the following:
- 1st class mail & certified mail notices;
- addressed envelopes as they appeared immediately before mailing;
- certified mail receipt as it appeared upon its return;
- any returned regular mailed envelopes; and,
- certification of any other attempted notices;
- the original certificate of purchase has been surrendered to the collector; and,
6. appropriate fees have been paid to the collector including recording fees.
* Failure to comply with any of the above requirements may result in the loss of the purchaser’s lien on the property.
* Failure of the purchaser to obtain a collector's deed within 18 months from the date on the certificate of purchase results in the loss of the purchaser's lien on the property.
* If the property goes to tax sale again, the first holder of certificate of purchase must surrender the certificate of purchase and is entitled to any unclaimed surplus from the first sale without interest.
* Property liens, with possible exception of a federal tax lien, are extinguished once a collector’s deed is issued.
Any questions? Feel free to contact us:
|Boone County Collector|
801 E. Walnut Rm. 118
(573) 886-4285 Office
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www.ShowMeBoone.com Boone County, Missouri. 801 East Walnut Columbia, MO 65201 USA