Real Estate Tax

Tax Certificate Sale Information

Pursuant to Florida Statute Chapter 197, the Tax Collector must start the tax certificate auction on or before June 1.

Tax certificates convey no property rights. They are an interest bearing “lien”. Prior to the auction, the list of delinquent properties is advertised once a week for three consecutive weeks. Advertising and collection fees are added to the delinquent taxpayer's bill.

The interest on a tax certificate ranges from 0 to 18%. Valid bids may be entered between 0 and 18% in 0.25% increments. If the tax certificate is redeemed after June 1 the tax certificate holder is guaranteed a minimum of 5% interest. Zero percent bids will not earn the 5% minimum interest. Bids are entered and awarded to the buyer with the lowest interest rate bid. Simple interest accrues on a monthly basis. If the tax certificate earns an interest rate of 12%, then interest will accrue at the rate of 1% per month until the tax certificate is redeemed.

If there are any delinquent properties that do not receive a bid, those tax certificates are issued to the county at 18%. These county held tax certificates will become available for purchase at a date to be determined by the Tax Collector.

The life of a tax certificate is 7 years. In the event of a bankruptcy filing, the life of a tax certificate may be extended. If no action is taken by the tax certificate holder during the 7 year period, and the taxes remain unpaid, the tax certificate is cancelled due to the Statute of Limitation, which will result in the loss of your investment.

If you are a registered tax certificate buyer in Hillsborough County or interested in becoming a buyer, click here to get more to learn more.