Tax Sale

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Park County Treasurer

For questions please contact treas@parkcounty.us


Tax Sale:

Tax Sale Announced Date
Date: Wednesday, August 16th, 2017
Time: 8:00 AM
Location:  Park County Library Grizzly Room
                  1500 Heart Mountain St
                  Cody, WY 82414

General Information

The treasurer does not sell property at the tax sale, but sells the county's tax lien on the property.

The county recovers the loss of uncollected property tax revenue at the annual tax sale. The county sells its tax lien on real property to attending purchasers for the amount of taxes, interest, and costs associated with the sale. The notice of sale along with the properties listed for sale must be published for three consecutive weeks in a legal newspaper within the county. The holder of a certificate of purchase is entitled only to a lien on the land, and has no rights to make improvements or use of the land until the period of redemption has expired and a lawful tax deed is issued by the Treasurer.

Four years from the date of the tax sale, the Treasurer will accept applications and issue tax deeds for unredeemed real property to purchasers upon proof of compliance with the statutory notice requirements. A tax deed cannot be issued by the County Treasurer after six years have lapsed since the original date of sale.

Park County does not warrant title to the property when selling the tax lien. It is a buyer beware market.

Registration

Registration begins at 8:00 a.m. the day of the sale. Participants are asked to be registered by 8:45 a.m. as the sale will begin promptly at 9:00 a.m. All registrants are required to complete a W-9 FORM (Request for Taxpayer Identification Number and Certification) for the reporting of interest earned to the IRS. Participants must be at least eighteen years of age.

Sale

A participant of the sale cannot pick and choose properties for purchase. At registration the participant is assigned a number; that number is put into a pool, and the Treasurer draws out a number at random to see where the sale is started. The participant draws a property out of a box that contains all of the properties, and they have the opportunity to take the property or put it back. If the property is put back, the participant loses their turn and the sale continues with the next person. This process is repeated until all liens are sold.

All liens purchased at the sale must be paid before leaving the tax sale. At the time of payment, receipts will be issued. Only checks are accepted for payment and returned checks may result in the loss of liens purchased.

Certificate of Purchase

A Certificate of Purchase is issued to the purchaser of a tax lien the day of the tax sale. Park County maintains custody of the certificates of purchase. As redemption occurs, this office will send payment directly to the purchaser.

Subsequent Year Taxes

A certificate holder is under no obligation to pay subsequent taxes. Subsequent taxes, when paid by the certificate holder, attach to the original lien and earn the same rate of interest (15%) as the original certificate. When paying subsequent year taxes, this office needs the CP number along with the CP holder's name.

Redemptions

The legal owner of the property may redeem taxes sold at the tax sale. To redeem, the owner must pay to the Treasurer's Office the amount of tax sold at the sale, any penalties, 15% simple interest, and a redemption fee. Any subsequent year taxes paid by the certificate holder must also be paid, with interest, at the time of redemption.

Tax Deeds

If the legal owners or mortgagees of the property do not redeem the property within four years from the date of the sale, holders of Certificates of Purchase can apply for a tax deed by submitting an application showing that they have complied with strict notice requirements. If all requirements have been met, the Certificate of Purchase holder will be given a tax deed to the property. We strongly suggest that you retain an attorney to help you with the tax deed application process. Office personnel are not authorized to provide legal advice, nor answer questions pertaining to legal issues.