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Property Records & Taxation Home Page
Tax-Forfeited Land Sales Home Page
FAQs
Important Facts
Bidding
Instructions
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Important Facts to Know Before Purchasing
- Public Sale
- All tax-forfeited parcels are appraised and offered for purchase
by sealed bid and sold to the highest bidder. The minimum bid
accepted is the appraised value.
- Counter Sales
- Parcels not sold may be purchased by anyone offering to pay the
appraised value. Prices cannot be changed unless a parcel is
re-appraised, advertised and again offered at a public sale.
- Assurance Fee
- When a parcel of tax forfeited land is sold. The Property Records
and Taxation Division collects an amount equal to three percent of
the total sale value of the land, which is in addition to the price
of the land.
- Terms
- Cash or check will be accepted for payment according to the
following terms: Sale amounts of $500 or less shall be
paid in cash at the time of the sale and all other sales amounts
may be paid in cash or paid on an installment basis according to
the terms provided herein. On sales amounts over $500 but not
over $2,000, a down payment of $500 shall be paid at the time of
the sale and the unpaid balance shall be paid in three equal
annual installments. For sales amounts in excess of $2,000, but
not over $40,000, a down payment of one-fourth of the sales
prices shall be paid at the time of the sale and the unpaid
balance shall be paid in three equal annual installments. On
sales amounts in excess of $40,000, a down payment of one-fifth
of the sales prices shall be paid at the time of sale, and the
unpaid balance shall be paid in four equal annual installments.
For all sales, the annual installments of the unpaid balance
shall be paid prior to October 31 each year. The unpaid balance
on all sales shall accrue interest at the rate prescribed by
State Statute Section 279.03, subd.1A and is subject to change
each year on the unpaid balance; that no principal installment
payment shall be less than the amount of the original down
payment unless it is a final payment on the contract and each
installment payment shall include the amount of accrued interest
to date.
- Conditions
- Sales are subject to existing leases, if any, building
restrictions appearing on record at the time of forfeiture,
easements, all applicable laws and ordinances, and with the
understanding that the appraised value does not represent a basis
for future taxes. All property is sold "as is" and may not conform
to local building and zoning ordinances. The County makes no
warranty that the land is "buildable." All sales are final, and no
refunds or exchanges are permitted.
- If municipal special assessments were cancelled at forfeiture,
the assessments may be reassessed by the municipality. Local
improvements not yet assessed and special assessments levied after
forfeiture must be assumed by the purchaser.
- Title
- The purchaser will receive a certificate of sale at the time
of purchase. The State Commissioner of Revenue will issue a deed
from the State of Minnesota after full payment is made. This
conveyance shall have the force and effect of a patent from the
State. However, services of an attorney may be necessary to make
the title marketable.
- Unplatted Parcel Deeds
- Unplatted Parcel Deeds for unplatted parcels will contain a
restrictive covenant, which will prohibit enrollment of the land
in a state-funded program providing compensation for conservation
of marginal land or wetlands
page last updated -
10/02/2007
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