Tennessee Tax Sale-Tax Sale Information is a process of selling tax liens and/or properties to recover unpaid taxes from delinquent taxpayers. This process is overseen by the Tennessee Trustee, the office of the county trustee, or the local county mayor. The tax sale process is conducted through either a public auction or private sale. In a public auction, the Trustee will sell a tax lien certificate or property to the highest bidder. The successful bidder will then become the lien holder or owner of the property. The lien holder is then entitled to receive the delinquent taxes, interest, and/or penalties owed on the property. In a private sale, the Trustee will negotiate directly with a prospective buyer for the sale of a tax lien certificate or property. The prospective buyer must be able to pay the delinquent taxes, interest, and/or penalties owed on the property. There are two types of Tennessee Tax Sale-Tax Sale Information: Tax Lien Certificate Sales and Property Sales. Tax Lien Certificate Sales involve the sale of a tax lien certificate to the highest bidder. The successful bidder will then become the lien holder or owner of the certificate. Property Sales involve the sale of a property to a prospective buyer who is able to pay the delinquent taxes, interest, and/or penalties owed on the property.
Tennessee TAX SALE-Tax Sale Information
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How to fill out Tennessee TAX SALE-Tax Sale Information?
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FAQ
Properties purchased in a tax sale may be redeemed by the previous owner, the heirs of the previous owner, or lien holders and assignees. An order confirming the tax sale is entered into the court records within 45 business days of the sale date. Once the order is complete, the property is eligible for redemption.
Delinquent tax properties are sold only by public auction and will not be sold over the counter. The Clerk & Master's Office does not issue Tax Certificates. Credit Cards are not accepted. Purchase of the properties will not be financed through the Clerk & Master's Office; payment must be made in full.
It depends, under certain circumstances a party's payment of property taxes can create a rebuttable presumption that the party has title, or ownership, to the property in question. These requirements are addressed in Tennessee Code Annotated §§ 28-2-109 & 110.
Tennessee is a redeemable deed state, which is a bit of a hybrid of a tax lien and tax deed. At a redeemable deed auction you're bidding on the deed to the property, like you would at a tax deed sale, but, as in a tax lien state, you don't get immediate possession of the property.
Properties purchased in a tax sale may be redeemed by the previous owner, the heirs of the previous owner, or lien holders and assignees. An order confirming the tax sale is entered into the court records within 45 business days of the sale date. Once the order is complete, the property is eligible for redemption.
Please contact us at Revenue.Collection@tn.gov, (615) 741-7071 or (844) 729-8689.
Delinquent tax properties are sold only by public auction and will not be sold over the counter. The Clerk & Master's Office does not issue Tax Certificates. Credit Cards are not accepted. Purchase of the properties will not be financed through the Clerk & Master's Office; payment must be made in full.