General Points of Interest
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General Points Of Interest

 

The 2017 Tax Sale is scheduled for October 5th and 6th, 2017.  The sale will be held on the 2nd Floor of the City-County Building in the Public Assembly Room (Room 230), which is located at 200 E. Washington Street, Indianapolis, IN 46204.  Registration will begin promptly at 8 am. and the sale will begin at 9:00 a.m. (Tax Sale instructions and Q&A's will begin at 8:45 a.m. and continue until the sale starts at 9:00 a.m.) All times are Eastern Daylight.
On Thursday, October 5, 2017, the sale will run from 8:30 a.m. - noon, with a one-hour lunch break from noon – 1 p.m.  The sale will reconvene from 1:00 p.m. - 4:00 p.m. If the 4:00 p.m. ending time needs to be extended it will be announced at noon.
It is unlikely that all available properties will be offered at the Thursday, October 5th, 2017 sale. If that occurs, the sale will resume at 8:30 a.m. on Friday, October 6th, 2017. The number of parcels left to offer for sale on Friday will determine the need to take a lunch break.
If a parcel is not sold on October 5th or October 6th it will not be re-offered in a tax sale again.
Parcel numbers are used to identify properties. Even if an owner and/or address is advertised and/or read at the sale, the parcel number is used to determine the exact property being offered.
Parcels will be offered for sale in Item Number sequence, as identified in newspaper ads.  Every parcel has an item number and all item numbers start with "A", “B”, or “C” followed by an assigned numeric number. 
At the sale, parcels beginning with “A” will be offered in groups of 25 items at a time, such as items A1 through A25. Any bidder may call out an item number within that range. A call for a specific item number such as A17 is considered a minimum bid for that item. Once the minimum bid is made, that item is auctioned to the highest bidder. If the item called for is no longer in the sale, that will be announced, and a call for another item within that group of 25 will be accepted. This procedure will continue until there are no more calls for item numbers within the group being considered. At that time, the next group of 25 item numbers will be offered. 
Once the “A” item sale is complete, the “B” item sale or Deed Sale, will begin.  The procedure for “B” items will follow the same process as the “A” item sale.  If “C” items are deemed Not Suitable for Sale they will not be offered for sale.
After the “B” Items have been offered, the Treasurer will open the auction for all unsold “A” items to be offered on a first-asked, first-offered basis. A call for a specific item is considered a minimum bid for that item. Once the minimum bid is made, that item is auctioned to the highest bidder.
There are four ways to obtain a complete list of available Tax Sale items:
  1. Newspaper: Properties available for sale will be advertised in The Indianapolis Star and the Court & Commercial Record on the following Wednesdays:
August 02, 2017
August 09, 2017
August 16, 2017
 
  1. CD: The CD will be available in Microsoft Excel and can be purchased from the Treasurer’s Office on or after August 02,2017 for $20.00 per CD. The parcels that appear on the CD will be the same as those that appear in the first newspaper advertisement (August 02, 2017).  The CD list does not get updated.
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  1. Web page: Beginning on or shortly after Wednesday, August 02, 2017, the Marion County Treasurer’s Web page will have a PDF file of the list to view or download. The list is free of charge and is updated nightly. The file is the same format as the newspaper list. The web address for viewing and/or downloading the file is: http://www.indy.gov/egov/county/treasurer/sale.
 
  1. Treasurer’s Office: An updated paper list of Tax Sale items still eligible for sale will be available in the Treasurer's Office each day, beginning Wednesday, August 02, 2017, and each day thereafter until the Tax Sale ends on October 06, 2017. The list will include items available as of 8:00 a.m. on the morning it is printed. There will be a $5.00 charge per list to cover the cost of printing. Only the Tax Sale Item Number will appear on the list, so it will be necessary to have an original listing to obtain other information about those unsold parcels.
On or before Thursday, July 27, 2017, the Marion County Auditor will send a letter by Certified Mail to owners of all properties which, at that time, are eligible for the 2017 Marion County Tax Sale.
Any payment made to the Marion County Treasurer by an owner to withdraw a parcel from the sale or by a successful bidder at the sale must be paid by Cash, Money Order, Certified Check, or Cashier’s Check Only. NO PERSONAL CHECKS OR BUSINESS CHECKS WILL BE ACCEPTED. (The Treasurer will not accept more than $10,000.00 in cash from any one bidder, for the period of May 11th through the duration of the sale.)
The Tax Sale buyer’s interest in the property is limited to a lien on “A” Items purchased until: 1) the property is redeemed; 2) a Tax Deed is issued; or 3) three months has elapsed after the expiration of the redemption period, whichever occurs first.
There is a one-year period following the sale of each “A” item during which the delinquent owner, occupant, or person with a substantial property interest of public record may “redeem the property”. Redemption means to retain possession of the property by paying all monies owed to the county plus required fees.  Redemption of property purchased in a Tax Sale results in the parcel remaining in the current owner’s name and ownership.
If a parcel sold in the “A” sale is not redeemed prior to one year from the date of sale, the Tax Sale buyer may present the Tax Certificate to the County Auditor and receive a Tax Deed to the property granting title of the property to the buyer or assignee of the buyer. For all “A” Item not sold, the period of redemption will expire one-hundred and twenty (120) days from the last date of the sale. 
For parcels with Item Numbers beginning with a “B” that are sold, there is no right of redemption. Parcels with Item Numbers beginning with a “C” will not be offered if deemed Not Suitable for Sale and will have a redemption period of one-hundred and twenty (120) days. If “C” Items are deemed Suitable for Sale and are sold, the period of redemption will be one year following the date of sale.
That amount must be paid to the County Auditor within one year of the date of sale of an “A” item. The redemption amount consists of the following:
1.     The minimum bid required by the Treasurer.
2.    A redemption fee calculated on the minimum bid paid by the successful bidder (percentages listed below).
3.    A 5% per annum interest calculated on the difference between the minimum bid and the amount paid by the successful bidder (referred to as Tax Sale Overbid).
4.    Any taxes, penalties and special assessments paid by the buyer subsequent to the date of sale and a 5% per annum interest on those subsequent payments.
The redeeming party does not repay the overbid amount, but they are required to pay the 5% per annum interest on the overbid amount.
The redemption fee will be calculated in two parts (three parts if taxes are paid subsequent to the Tax Sale):
  1. On the Minimum bid –
    -110% of the minimum bid if redeemed not more than 6 months after the date of sale or 115% of the minimum bid if redeemed more than 6 months but not more than one year after the date of sale.
  2. On the difference between the successful bid price and the minimum bid, Also known as Tax Sale overbid -
    -5% per annum interest from the date of payment to the date of redemption
  3. On any taxes and special assessments paid by the Tax Sale buyer subsequent to the sale – 
    -5% per annum interest from the date of payment to the date of redemption
If, before redemption or the execution of a Tax Deed, it is found that the sale is invalid, the Tax Sale buyer is not entitled to a Tax Deed, but shall be entitled to a refund of the purchase price plus 5% per annum interest.
If, after the execution of a Tax Deed, it is found that the deed is invalid pursuant to I.C. 6-1.1-25-12, the Tax Sale buyer is entitled to a lien on the property in the amount of the purchase price, any taxes or special assessments paid subsequent to sale, any amount due the Tax Sale buyer as an occupying claimant and interest at 5% per annum.
A person who wants to redeem a property should contact the Marion County Auditor’s Office, Room 841 of the City-County Building, to obtain an exact calculation of the amount needed to redeem the property.