Charles Mix 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.

lien

SDCL 10-23-7; 10-23-8

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.

bid-down; max 10% per year

SDCL 10-23-8

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.

until tax deed; deed proceeding after 3 and within 6 years of sale

SDCL 10-25-1

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.

bid down to lowest interest rate (max 10%/yr)

SDCL 10-23-8

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.

third Monday in December

SDCL 10-23-7

Auction platforms

No platform listing found yet.

Parcels in this county

No parcels listed yet.

1. 1.Read the treasurer's notice of sale, published in the county's official newspapers the week before the sale, listing the parcels to be sold and the taxes due (SDCL 10-23-2, 10-23-3)
2. 2.Attend the public sale at the courthouse on the third Monday of December between 9 a.m. and 4 p.m., when the treasurer offers a tax certificate for each parcel in tax-list order (SDCL 10-23-7, 10-23-8)
3. 3.Bid the full amount of taxes, interest and costs due and state the lowest interest rate per year you will accept; the lowest rate bid wins, and no rate above ten percent a year is valid (SDCL 10-23-8)
4. 4.Pay the amount due at the sale; if you fail to pay, the treasurer may offer the certificate again or bring a civil action for the amount (SDCL 10-23-9)
5. 5.Receive the tax certificate, which states the sum paid and when you may take a deed and is presumptive evidence of regularity (SDCL 10-23-18)
6. 6.Note the county's redemption fee, which the county commission may set at up to fifty dollars and which is deducted from the holder's proceeds on redemption (SDCL 10-23-8)
7. 7.Buy any unsold certificate at private sale at the treasurer's office for the taxes, penalty and costs due (SDCL 10-23-12)

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

South Dakota auctions tax certificates in person at the courthouse on the third Monday of December: bidders offer the full taxes, interest and costs and compete downward on the interest rate they will accept, with the lowest rate winning and ten percent a year the ceiling. The winning bidder must pay at the sale or the certificate is re-offered, and unsold certificates are later sold at private sale at the treasurer's office. The statutes set no bidder registration, deposit, or form requirements, so those fields are unknown.