TAX DEED STATE PROFILE~MINNESOTA
Tax Deed Sales: Yes. Tax-forfeited parcels are compiled into a list called a Conservation/Non-Conservation List. This list is then forwarded to the municipality within which the land lies for a
60-day review period. During the review period, the municipality may by resolution approve the
lands for one of the following classifications: (1) public auction, (2) adjacent owner sale (nonbuild-able parcels only), (3) conveyance to the city for authorized public use, or (4) further
review by means of a temporary hold. Parcels classified for public auction are the only ones
available for public purchase.
Over-the-Counter Tax Deed Sales: Allowed, although there may not be any properties left
over from the tax deed sale.
Rating: Three Stars (***).
Sale Period : Tax deed sales are held in April and May, and also in September and October.
Redemption Period: There is no extended right of redemption following the tax deed sale.
Bidding Process: All auctions are by competitive bid, with the highest bidder winning.
State-Specific Information: Minnesota is an average tax deed state. Properties sold for appraised value will limit the investor’s potential for profit. An assurance fee may be charged.
Minnesota County Links: See Minnesota Tax Sales at http://www.tax-lien-certificates.com
Next Post:
TAX DEED STATE PROFILE~NEVADA