Anchorage Municipality

Sale typeWhat you actually buy. A lien sale gives you a claim on the property and the owner keeps it for now; a deed sale transfers the property itself. A redeemable deed transfers ownership but still gives the former owner time to pay you back. See the full glossary for more terms.

deed

Alaska Stat. 29.45.450

Interest / penaltyWhat you earn when the owner redeems. Interest is a rate paid over time; a penalty is usually a one-time percentage of the tax or redemption amount. A rate that is bid down during the auction is still interest. See the full glossary for more terms.

repurchase interest not to exceed 15%/yr

Alaska Stat. 29.45.470

RedemptionHow long the former owner has to repay the debt and keep the property after the sale. Your money stays tied up until this window closes, so a long period can mean a multi-year wait on a lien. See the full glossary for more terms.

1 year

Alaska Stat. 29.45.400

Bid methodHow the winner is chosen: bidding the interest rate down, bidding a premium above the amount owed, a random or rotating draw, or simply buying at the minimum bid. See the full glossary for more terms.

n/a - property deeded to the municipality; no competitive investor auction

Alaska Stat. 29.45.390

Sale timingWhen sales are typically held. Many counties publish sale lists only a few weeks ahead, and some sell continuously or on their own schedule. See the full glossary for more terms.

varies by municipality

Alaska Stat. 29.45.320

Auction platforms

No platform listing found yet.

Parcels in this county

No parcels listed yet.

1. 1.The municipality enforces delinquent real property tax liens by annual foreclosure unless an ordinance provides otherwise (AS 29.45.320(a))
2. 2.The municipality presents a petition for judgment with a certified copy of the foreclosure list and publishes or posts the list for four consecutive weeks or at least 30 days (AS 29.45.330(a)(2))
3. 3.The owner or another interested person may clear the delinquency by paying the taxes, penalty, interest, and costs up to the time the property is transferred to the municipality (AS 29.45.340)
4. 4.The superior court enters judgment foreclosing the tax liens, and foreclosed properties are transferred to the municipality for the lien amount (AS 29.45.390(a))
5. 5.The municipality holds the property for at least one year, during which an interested party may redeem it by paying the lien amount plus penalties, interest, and costs (AS 29.45.400)
6. 6.After the redemption period expires, unredeemed property is deeded to the borough or city (AS 29.45.450(a))
7. 7.The municipality determines by ordinance whether to retain the property for a public purpose or to sell it; property not required for a public purpose may be sold (AS 29.45.460(a)-(b))
8. 8.The former record owner may repurchase the property within 10 years and before the municipality's sale or contract of sale (AS 29.45.470(a))

RegistrationSigning up as a bidder before the sale. Counties set the deadlines and paperwork, which may include an application, identification, and a no-delinquent-taxes statement. See the full glossary for more terms.

Required: UnknownUnknown

Not verified from a source yet.

DepositMoney you must post before or at the sale, often a flat amount or a percentage of your bid. It is usually applied to the purchase price if you win and is often non-refundable if you fail to pay. See the full glossary for more terms.

Required: UnknownUnknown

Not verified from a source yet.

FormsPaperwork a county may collect before you can bid, such as a bidder ID card or a W-9 for tax reporting. See the full glossary for more terms.

Bidder ID card: UnknownW-9: Unknown

EligibilityRules about who may bid. Some counties restrict non-residents or bar anyone who owes delinquent taxes from participating. See the full glossary for more terms.

Residency required: UnknownNo delinquent taxes: Unknown

Alaska does not auction tax liens or conduct a competitive bidder sale under state statute. Real property tax delinquencies are enforced by annual, in rem foreclosure: the municipality publishes a foreclosure list, obtains a judgment, and takes property directly for the lien amount (AS 29.45.320, 29.45.330, 29.45.390). The property is held at least one year for redemption (AS 29.45.400) and then deeded to the borough or city (AS 29.45.450); the municipality decides by ordinance whether to keep it or sell it, and property not needed for a public purpose may be sold (AS 29.45.460). Because the state statute leaves the method and terms of any later sale of tax-foreclosed property to municipal ordinance, bidder registration, deposits, bidder identification, payment instruments, eligibility limits, and the sale format are all unknown at the state level. The former record owner has a 10-year statutory right to repurchase before the municipality sells (AS 29.45.470(a)).