HOW DO PROPERTIES BECOME “SUBJECT TO POWER TO SELL”?

Upon the failure of the property owner to meet the payment obligation of his or her property tax by the final due date, usually June 30 of each year, the Treasurer and Tax Collector sends the property owner a notice of impending sale followed by a Notice of Auction.

The default opens a 5-year waiting period for residential property and 3-year waiting period for non-residential commercial property during which the delinquent taxes, interest, and penalties accumulate until redeemed.

At the end of the 5 years for residential property and 3 years for non-residential commercial property, if the tax is not redeemed, the Treasurer and Tax Collector has the power to sell the property.