*If you registered for Tax Sale 24, you do NOT need to pre-register for the Rebid Sale
Important Tax Sale 24 - Rebid Information:
PERIOD TO RAISE BIDS
Within the next ten (10) days, or by July 11, 2024, at 3:30 P.M. E.S.T., the high bid on any parcel today may be upset by contacting the Clerk and Master’s office and raising such high bid by ten percent (10%), subject to the requirements for payment outlined above. Subject to Court approval, all parcels upon which bids have been raised will be placed in a re-sale, which will be held July 17, 2024, at 10:00 A.M., in the City-County Building, within the corridor of the Main Street entrance, near the Large Assembly Room, 400 Main Street, Knoxville, Tennessee, after due notice to those concerned, and bidding will open at the raised-bid amount. The high bidder at the resale will be the purchaser. Anyone may bid at the resale. In the event the bid is not raised within ten (10) days, then the high bidder today is the purchaser when the sale is confirmed by the Court (subject to the right of redemption, as hereinafter discussed).
Summary of Tax Sale Process & General Information
Tax Sale dates are determined by court proceedings and will be listed accordingly.
The purpose of a tax sale auction is to collect delinquent revenue and put properties back into productive use. Although the majority of property owners pay their taxes on time, owners who do not pay their property taxes force us to take extreme measures. A tax sale is the last resort available.
Persons wishing to find investment properties, or perhaps purchase a home, may benefit from attending a tax sale auction. Anyone interested in tax sale properties should be aware that there are serious risks, restrictions and requirements involved in purchasing a property at a delinquent tax sale.
