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States › Vermont › Tax Sale Summary

There are 14 Counties in Vermont. It became the 14th state on March 4, 1791. The state motto is "Freedom and Unity".

Currently, the maximum interest rate being offered to all tax lien certificate investors is 12% with a one year right of redemption.

Summary: The local tax collector may sell real estate to collect delinquent property taxes, costs, and fees at an oral public auction held on the date and time specified in the published notice of sale (Sec. 5254, Sec. 5255). When the time for redemption has passed and the land is not redeemed, the collector or his successor shall execute to the purchaser a deed, which shall convey to him a title against the person for whose tax it was sold and those claiming under him (Sec. 5261).

Law: Vermont Statutes, Title 32, Chapter 133, Subchapter 9, Article 5, "Sale of Real Estate."

Contact: Local Tax Collector or Treasurer.

Interest Rate: 12% per annum. 1% per month. More specifically, when the owner or mortgagee of lands sold for taxes, his representatives or assigns, within one year from the day of sale, pays or tenders to the collector who made the sale or in the case of his death or removal from the town where the land lies, to the town clerk of such town, the sum for which the land was sold with interest thereon calculated at a rate of one percent per month or fraction thereof from the day of sale to the day of payment, a deed of the land shall not be made to the purchaser, but the money paid or tendered by the owner or mortgagee, his representatives or assigns, to the collector or town clerk shall be paid over to such purchaser on demand. (Sec. 5260).

Auction Type: Tax Lien Certificate. When the time for redemption has passed and the land is not redeemed, the collector or his successor shall execute to the purchaser a deed, which shall convey to him a title against the person for whose tax it was sold and those claiming under him. (Sec. 5260, 5261).

Bidding Procedure: The property is sold to the highest bidder subject to the minimum bid requirements (Sec. 5255). The property may be purchased by the local taxing district if a bid for the minimum amount is not made (Sec. 5259).

Costs: Include amounts for seizing the property, publishing notices, and conducting the sale (Sec. 5258).

Redemption Period: The owner or any parties with interest in the property sold at a tax sale may redeem the property within one year of the date of the sale (Sec. 5260).

Deed assigned at Foreclosure to: The purchaser at the tax sale. When the time for redemption has passed and the land is not redeemed, the collector or his successor shall execute to the purchaser a deed, which shall convey to him a title against the person for whose tax it was sold and those claiming under him. (Sec. 5261).

Notes:

Counties:

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