VT

Bidder process

1. 01Wait for the collector of taxes to lawfully extend a warrant on the land; this may happen only when the taxpayer owes a minimum of $1,500.00 and is delinquent for longer than one year, and only after the taxpayer was offered a written reasonable repayment plan (32 V.S.A. § 5252(a), (c))
2. 02The collector records a copy of the warrant and levy in the town clerk's office and advertises the land for sale at public auction in the town where it lies three weeks successively in a newspaper circulating in the vicinity, with the last publication at least 10 days before the sale (32 V.S.A. § 5252(a)(1)-(2))
3. 03Read the published advertisement and notice of sale and attend the public auction at the time and place stated; the notice states that so much of the lands as shall be requisite to discharge the taxes with costs and fees will be sold at public auction unless previously paid (32 V.S.A. § 5252(a)(2))
4. 04Bid to buy the property: when the tax with costs and fees is not paid before the day of sale, the real property on which the taxes are due is sold to pay such taxes, costs, and fees, and the collector's return records the sale to the highest bidder (32 V.S.A. § 5254(a), § 5255)
5. 05Consider the owner's right to limit the sale: the owner may request in writing not less than 24 hours before the tax sale that only a certified subdividable portion of the property be sold (32 V.S.A. § 5254(b))
6. 06Pay for your purchase at the sale; the collector's return of sale, filed with the town clerk within 30 days, records that the land was sold to the highest bidder 'for cash' (32 V.S.A. § 5255)
7. 07Wait out the one-year redemption period: the owner, lien holder, or mortgagee may, within one year from the day of sale, redeem by paying the collector the sum for which the land was sold plus interest at one percent per month or fraction of a month from the day of sale (32 V.S.A. § 5260(a))
8. 08If the land is not redeemed, the collector or his or her successor executes a deed to the purchaser after the time for redemption has passed (32 V.S.A. § 5261)

Registration

Not documented

Registration mode

Not documented

Registration deadline

Not documented

Registration fee

Not documented

Deposit required

Not documented

Deposit amount

Not documented

Deposit percent

Not documented

Deposit refundable

Not documented

Sale format

in_person

Payment deadline

at the public auction on the day of sale; the collector's statutory return records the sale to the highest bidder 'for cash' (32 V.S.A. § 5255)

Payment methods

cash

Residency required

Not documented