Red lollipops are First Sale Properties and Green are Third Sale. There are no Second Sale this year.
2024 Gasconade County Tax Sale
Most counties in the state of Missouri, with the exception of some of the counties around Kansas City and St. Louis City/County, hold an annual Tax Sale on the same day and the same time on the fourth Monday in August at 10 AM. These Tax Sale auctions are literally held on the "courthouse steps" in most counties. Gasconade got a bit smarter just a few years ago and allowed us to move inside in the air conditioning.
There are three categories of properties in the sale, a First Sale, Second Sale, and Third Sale. First Sale properties are offered after the owner is delinquent for 2 consecutive years. Second Sale after 3 years, and Third Sale after 4 years. The map above shows the properties within Peaceful Valley that are on this year's tax sale. For a complete listing of tax sale properties in Gasconade county go to the assessor's website at https://gasconadecountycollector.com/ In the left column, scroll down to "Documents." The Tax Sale list is published about a month before the sale, along with the Tax Sale Brochure which provides detailed instructions about the sale process.
On a first or second sale, you're not purchasing a property, you're purchasing a lien on the property from the collector. Minimum bid on these properties is the amount of back taxes, penalties, and expenses. If you purchase one of these liens, the original owner has the right to buy back the lien for what you paid at the tax sale plus 10% interest. If after a year and your due diligence trying to find the previous owner and giving them ample opportunity to repurchase the lien, you can apply for a deed to the property. If there are any other liens or encumbrances on the property, you will assume them as well. Because of the exposure to other liens and encumbrances, plus the uncertainty of future ownership, most first and second sale properties do not receive bids. In the last 5 years or so that we've been going to the sales, no one has ever bid on a Peaceful Valley property in a first or second sale.
On a third sale, the minimum bid is the amount of back taxes, etc. If you win, you end up with a collector's deed and will own the property, Any liens or encumbrances are null and void, so you will own the property outright but you still have to do some "due diligence" to find the owner, etc., except it's only a 90-day window instead of a full year.
If no one bids on a third sale property, the Gasconade County Collector accepts sealed bids for a "fourth sale." Sealed bids are accepted in a minimum amount sufficient to recoup the Collector's expenditures for advertising in local papers and other outlets.
There are three categories of properties in the sale, a First Sale, Second Sale, and Third Sale. First Sale properties are offered after the owner is delinquent for 2 consecutive years. Second Sale after 3 years, and Third Sale after 4 years. The map above shows the properties within Peaceful Valley that are on this year's tax sale. For a complete listing of tax sale properties in Gasconade county go to the assessor's website at https://gasconadecountycollector.com/ In the left column, scroll down to "Documents." The Tax Sale list is published about a month before the sale, along with the Tax Sale Brochure which provides detailed instructions about the sale process.
On a first or second sale, you're not purchasing a property, you're purchasing a lien on the property from the collector. Minimum bid on these properties is the amount of back taxes, penalties, and expenses. If you purchase one of these liens, the original owner has the right to buy back the lien for what you paid at the tax sale plus 10% interest. If after a year and your due diligence trying to find the previous owner and giving them ample opportunity to repurchase the lien, you can apply for a deed to the property. If there are any other liens or encumbrances on the property, you will assume them as well. Because of the exposure to other liens and encumbrances, plus the uncertainty of future ownership, most first and second sale properties do not receive bids. In the last 5 years or so that we've been going to the sales, no one has ever bid on a Peaceful Valley property in a first or second sale.
On a third sale, the minimum bid is the amount of back taxes, etc. If you win, you end up with a collector's deed and will own the property, Any liens or encumbrances are null and void, so you will own the property outright but you still have to do some "due diligence" to find the owner, etc., except it's only a 90-day window instead of a full year.
If no one bids on a third sale property, the Gasconade County Collector accepts sealed bids for a "fourth sale." Sealed bids are accepted in a minimum amount sufficient to recoup the Collector's expenditures for advertising in local papers and other outlets.