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Tax Sale Tax Sale Date: September 15th 2010
What is a tax sale?
A tax sale is the required way to help the county recover the loss of uncollected property taxes created by delinquencies. After delinquent notices have been sent and the remaining unpaid taxes have been published in a legal newspaper in the county, a tax sale is held to the general public. Investors attend the tax sale to receive interest on the amount that they invest. The investor is provided a document called a “Certificate of Purchase” which becomes a lien of the property. (The lien is not recorded in the County Clerk’s office) After a specified period of time the investor could gain ownership of the property if the lien is not satisfied.
When is the tax sale held?
The tax sale is held in September each year and begins at 9:00 A.M. at the Uinta County Courthouse, 225 9th Street. The delinquent tax list will be published in the local newspapers prior to the sale.
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How does the tax sale work?
The property will be advertised in the Uinta County Herald three weeks prior to the sale, giving notice of date, time, and place of the sale. Each individual participating in the sale must be present. One hour prior to the sale, each individual who plans to participate will need to sign in and fill out a 1099Int form. A bidder number will then be assigned which will be used during the sale. The sale will begin at 9:00 a.m.
We accept check or cash for all purchases made that morning.
All parcels published will be sold individually by electronic drawing from the bidder numbe
rs assigned at registration. If your number is drawn, you have the option to pay the amount advertised and acquire a Certificate of Purchase, or decline it. All bidder numbers are electronically drawn an equal number of times and will be re-submitted for the next parcel.
What is a Certificate of Purchase (aka CP)?
A person who pays the amount at the sale receives a Certificate of Purchase on that parcel. This certificate holder has no ownership, rights, or access to the property. The property owner has up to four years from the date of the sale to redeem their property. If redemption does not occur within the four years, a tax deed will be issued after proper notification to the property owner, which then allows you rights to the property.
**Delinquent tax on mobile homes and personal property is not collected using the process described above.
Certificate of Redemption:
The legal owner or mortgage company of the property sold at the sale is entitled to redeem a Certificate of Purchase at any time within four years from the date of the tax sale. To redeem the owner must pay the amount of the Certificate of Purchase, a penalty of 3%, any special assessments attached to the lien, plus interest on any principal amounts at 15% per annum. Upon payment the owner will receive a Certificate of Redemption, which released the lien created by the Certificate of Purchase.
State of Wyoming Statutes on Tax Sales
Please reference the Wyoming Statutes 39-4-102 through 39-4-103 and 39-3-108 and 34-2-132 through 34-2-133. These are also available on the internet at LegisWeb for the legislative web site.
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