Rice County

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.

redeemable deed

Minn. Stat. § 280.03

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.

interest bid down at sale; capped at 12%/yr

Minn. Stat. § 280.02

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.

3 years (1 year for targeted community)

Minn. Stat. § 281.17(a)-(b)

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.

public vendue; bid down to lowest rate of interest (max 12%); state bids in if no bidder

Minn. Stat. § 280.02

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.

second Monday in May

Minn. Stat. § 280.01

Auction platforms

No platform listing found yet.

Parcels in this county

No parcels listed yet.

1. 1.Watch for the county auditor's published notice of the intended public sale, which lists each parcel's description and appraised value and, for an online auction, specifies the auction website and date; notice is published at least 30 days before the sale (Minn. Stat. 282.005, subd. 4(a); 282.02)
2. 2.Before the sale, an interested party (an owner, lienholder, or other party who has filed under section 276.041) may repurchase the parcel by paying all delinquent taxes, assessments, penalties, interest, and costs (Minn. Stat. 282.005, subd. 3)
3. 3.At the auction the county auditor calculates and makes available the minimum bid (delinquent taxes, special assessments, penalties, interest, and costs) and the initial price (the estimated market value); the property may not sell below the initial price for the first 30 days, after which the price drops to the minimum bid (Minn. Stat. 282.005, subd. 4(b))
4. 4.Bid at the public auction, which may be conducted online, and the property is sold to the highest bidder (Minn. Stat. 282.005, subd. 4(a))
5. 5.Pay the purchase price; parcels are sold for cash only unless the county board has resolved to sell on terms, in which case at least ten percent is paid at purchase with the balance in no more than ten equal annual installments (Minn. Stat. 282.01, subd. 4(a))
6. 6.On a terms sale, receive a certificate from the county auditor setting forth the terms of sale (Minn. Stat. 282.01, subd. 5)
7. 7.If the sale produces a surplus over the minimum bid, the county auditor notifies interested parties, who may claim the surplus within six months (Minn. Stat. 282.005, subd. 6)

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

Minnesota sells tax-forfeited land, not liens: after forfeiture the county auditor offers parcels at a public auction to the highest bidder, and the sale may be conducted online (Minn. Stat. 282.005, subd. 4(a)). A bidder must clear the minimum bid and, for the first 30 days, the initial price set at estimated market value (282.005, subd. 4(b)); an interested party may repurchase before the sale (282.005, subd. 3). Parcels are sold for cash only unless the county board has resolved to sell on terms, in which case at least ten percent is paid at purchase and the purchaser receives a certificate from the county auditor (282.01, subd. 4(a), subd. 5); forfeited agricultural lands sold on terms require at least 15 percent in cash (282.15). The statute bars county officers and employees from buying (282.016(a)) and lets a county auditor disqualify bidders with delinquent county property, a revoked rental license, or a canceled land-sale contract (282.016(c)). The statute does not create a bidder registration system, registration fee, deposit, bidder-ID or W-9 requirement, or residency rule, so those fields are left unknown.