Bidding Rules - 2024 Putnam County Tax Lien Auction
If you are new to Realauction tax lien auction websites, we recommend you proceed in the following fashion:
- Familiarize yourself with the laws that regulate tax sales in this state. If you are unfamiliar with the statutes governing tax liens in the state of Florida, read the “Tax Certificate Process” document located at the left of the home page. It is a plain English summary of the law which will take only minutes to read.
- Review this County's auction settings. See the Summary of Important Dates and Information below.
- Register. As part of the process, you will be prompted to create a Username and Password.
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Set your Budget.
- Decide how much money you want to invest in tax certificates for this auction. Pick a dollar amount. ($10,000 for example)
- Enter that amount as your budget.
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Place your bids. You may bid on as many quality certificates as you like. Your budget will limit how much you can win, no matter how many bids you place. If you are fortunate enough to win all the liens you want (exhausting your budget), your remaining bids are simply ignored.
As each batch closes, you can view the results for that batch by clicking “Results” on the left side menu inside the auction website. Clicking the “Sold To” link on the auction results page will display all the bids on that item along with other useful information. After viewing the results, you have the option to change your bids in any batches that have not yet closed.
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Pay for your winnings. As a condition for participation in the tax certificate sale auction, all bidders are required to pre-authorize an automatic debit by the Putnam County Tax Collector in the amount of their winnings.
At the close of the auction, if you are a successful bidder, payment for your winnings will be debited via ACH from the account authorized to make your final payment.
It is the bidder's responsibility to ensure "good funds" are available in your account by 4:00 PM ET on 06/05/2024 when the debit will be initiated.
Summary of Important Dates
| Bidder Accounts | |||
| Allow foreign bidder registrations | No | ||
| Single simultaneous bidder rule | No | ||
| Participating Bidder Agreement / Affidavit | No | ||
| Auction Information | |||
| Bidding style | Proxy Bid Auction | ||
| 0 value bids use proxy system | No | ||
| SubAccounts | |||
| Allow sub-accounts | Yes | ||
| Automatic certificate rollup / rollup fee | Yes | $2.25 | |
| Auction Dates and Times | |||
| Registration begins (site opens)** | Open All Year | ||
| Deposits, Registration fees and Budgets begin | 05/06/2024 at 9:00 AM ET | ||
| Bidding begins | 05/06/2024 at 9:00 AM ET | ||
| Deposits, Registration fees and Budgets end** | 06/01/2024 at 4:00 PM ET | ||
| Participation Requirements |
Set a budget |
||
| Participation Requirements Due Date | 05/22/2024 at 4:00 PM ET | ||
| Registrations end | Open All Year | ||
| First batch closes | 06/01/2024 at 10:00 AM ET | ||
| Batch closing interval | 60 Minutes | ||
| Last batch closes | 06/01/2024 at 4:00 PM ET | ||
| Auxiliary batch opens (If applicable) | N/A | ||
| Auxiliary batch closes (If applicable) | N/A | ||
| Payment due date | 06/05/2024 at 4:00 PM ET | ||
| Budget, Deposit and Payment Information | |||
| Deposit or Budget required (% of estimated winnings) | 100% | ||
| Minimum deposit amount | $0.00 | ||
| Registration Fee | $0.00 | ||
| Registration Fee Refundable | No | ||
| Registration Fee Applied to Winnings | No | ||
| Deposit / Payment types acceptable: | Deposits | Payments | |
| Budget | Yes | --- | |
| ACH | No | No | |
| ACH auto-debit final payment | --- | Yes | |
| Wire transfers | No | No | |
| Counter payments | No | No | |
| Redemptions available via ACH? | Yes | ||
| Public Access | |||
| Public computers available | Putnam County Public Library | ||
| ** Subject to change. The site will open when approved by the County. | |||
For an explanation of any of the terms above, please visit the FAQs.