Thursday, May 13, 2010

June Bonanza: Miami-Dade's Mega Tax Certificate Sale. By Geniusofdespair

There is over a quarter of a billion dollars in unpaid property taxes in Miami Dade County. I got a copy of the Miami Times, they carry the ads -- that paper has all the good public notices because it is an acceptable vehicle but the paper is hard to find, so what is the point? You would think the Miami Herald would have these adds because it makes more sense with their circulation.

There were 218 pages of properties in the Miami Times totaling about 77,172 homes. I averaged that each one owed about $3,000 (which is low since there were many in the $20,000 to $100,000 range).

On Monday June 1st at 2pm tax certificates will start to be sold on the listed properties to pay the amount due for the delinquent taxes. Is it any wonder the property appraiser is in a black hole?

2 comments:

Anonymous said...

Despite the bad economy, M-D property appraiser has made it difficult for homeowners to pay their taxes in installments and if they give you a break, the interest and extra fees charged by the county make it even more difficult for the owner to pay. So, they abandon the house to be later destroyed by vandals. Oh, our smart administrators!

Anonymous said...

If I buy one of these certificates, do I get a chance to own the house?