Additional Forms W-9 Form
Every Tax Sale buyer will be required to have a bidder number in order to bid on a parcel in the public auction.
Successful bidders are not allowed time to “go to the bank” to secure funds to pay for their purchase(s).
Account bidders will be assigned a bidder paddle with a bidder number in the range of 100-700. To obtain a bidder number the bidder must pre-register and complete the registration form with a minimum deposit of $1,000.00. The form requests name and address (as they are to appear on the Tax Sale Certificate & W-9), phone number, and Social Security Number (or Federal I.D. number), must attest to information pursuant to IC6-1.1-24-5.3. They must establish their account with qualified funds that may be deposited with the Treasurer in Room 1022 of the City‑County Building. Payment must be made by cash, by Certified Check, by Cashier’s Check, or Money Order. These checks are to be made payable to the Marion County Treasurer. NO PERSONAL CHECKS, OR BUSINESS CHECKS WILL BE ACCEPTED. (The Treasurer will not accept more than $7,500.00 in cash from any one bidder.)
Tax Sale purchases will be charged to the bidder's account by presenting the bidder number at the conclusion of each successful bid. If a deposit bidder’s balance with the Treasurer becomes too low to make subsequent purchases, the bidder will be required to deposit additional acceptable funds before making additional purchases.
Marion County Treasurer’s Web page will have the most current list of properties available for sale. The list will be updated daily beginning on, or shortly after August 20, 2014. The list can be downloaded in pdf format.
The minimum bid that will be accepted on any property must be equal to all taxes, penalties, and special assessments presently due on the parcel – plus Administrative Cost.
By written agreement with the Marion County Treasurer, the Marion County Auditor will perform the duties of notification and title search under I.C. 6-1.1-25.-4.5, and notification and petition to the court for a tax deed under I.C. 6-1.1-25-4.6. Certain parcels owned by the same person may be sold, and must be redeemed, together with one or more other parcels.
The $ 425.00 Administrative Cost includes an $265.00 Advertising Fee and a $160.00 Title Search Fee and Actual Costs that is charged with each sale and is to enable the Marion County Auditor to secure such a service so that all interested parties of public record may be informed by the Auditor of the impending issuance of a Tax Deed to a different owner. The search remains the property of the County Auditor.
After a minimum bid has been received for a particular item number the bidding will proceed in increments deemed appropriate by the auctioneer based on the number of bidders.
No one should bid in this Tax Sale who does not have the correct type of payment at the time of becoming a successful bidder. A high bidder who fails to immediately pay the bid price in acceptable funds must pay a penalty of 25% of the amount of the bid (subject to prosecution - IC. 6-1.1-24-8).
All sales are final! There will be no refunds or exchanges. Prospective buyers are urged to research available properties thoroughly to aid in identifying the exact piece of property identified by the parcel number. Research may include, but not necessarily be limited to, a review of:
liens recorded with the Marion County Recorder; plat maps in the appropriate Township Assessor's office; orders of the Department of Metropolitan Development concerning demolition orders and unsafe buildings; sewer user charges, solid waste service fees, and/or weed cutting charges that have not been certified to the Treasurer by the Department of Public Works; and Health & Hospital charges that have not been certified to the Treasurer.
The IRS may claim redemption rights in properties sold which are subject to Federal tax liens pursuant to a right of redemption established under 26 U.S.C. §7425 which is different than that provided under Indiana Statute.
If a successful bidder buys a “pig in a poke”, the buyer will get just that.
All bidders – the Treasurer will refund any excess of deposits over purchases when the bidder advises the Treasurer that no more purchases are planned. Such refund will be made by County check within several days of the request to close the account.
Tax Sale buyers run a risk of trespassing if they make a purchase and attempt to enter the premises or exercise any ownership rights during the redemption period which is prior to the time a Tax Deed is issued in the buyer’s name.
At the conclusion of each parcel sale, the Treasurer will issue a receipt for the amount paid. (Receipts for bidders will be held by the Treasurer until the bidder closes out his/her account with the Treasurer.)
After 4-6 weeks from the date of sale, the buyer may present the Tax Sale receipt to the Marion County Auditor, Room 841 of the City-County Building, in order to receive a Tax Certificate evidencing the buyer's lien against the property.
While the minimum time to exchange a Tax Certificate for a Tax Deed to an unredeemed property is one year for “A” items, the maximum time for such action is three (3) months after the expiration of the redemption period.
The Tax Sale buyer’s lien expires three (3) months after the expiration of the redemption period .
A Tax Sale buyer may pay any taxes, penalties, and/or special assessments which become due on the parcel subsequent to the Tax Sale but before the redemption period expires. Such payments can be made by requesting a bill in person from the Marion County Treasurer. It is the Tax Sale Buyer’s responsibility to record any such payment in the Auditor’s office if the buyer expects to be reimbursed when the property is redeemed.
If redemption is accomplished, the buyer will be reimbursed for recorded payments of subsequent taxes, penalties, and/or special assessments plus interest at the rate of 5% per annum.
If the parcel is not redeemed and the Tax Sale buyer surrenders the Tax Certificate to receive a Tax Deed, all delinquent taxes, penalties, and/or special assessments which became due subsequent to the Tax Sale must be paid before the Auditor will petition the court to issue a Tax Deed to the Tax Sale buyer.
All buyers who are to receive payments as a result of redemption of property they have purchased will be required to complete Form W9 to give the County Auditor sufficient information to be able to issue and report on Form 1099-INT the amount of interest and redemption fee received.