Estill County

KENTUCKY

NOTES TO TAXPAYERS AND THIRD PARTY PURCHASERS: The amount set forth below for each Certificate of Delinquency is the payoff through August 26, 2016. The sale of Certificates of Delinquency occurs August 26, 2016 at 9:00 AM. The payoff for each bill will increase by the statutory costs and fees associated with advertising. The County Clerk will accept cash, money orders, cashiers or certified checks. Taxpayers can continue to pay their tax bill any time prior to the tax sale. Any payments received on Certificates of Delinquency that have been sold by the Estill County Clerk's Office after the sale will be returned to the remitter.

 

DISCLAIMER: The information set forth below represents the most current ownership data available at the time of publication and may not reflect recent sales or transfers. Therefore, the owner identified may no longer be the owner of property for the bills that are delinquent. Further, due to the time necessary to process payments, a number of the tax bills listed in the advertisement may have already been paid.

 

 

The following is a list of procedures that must be followed in order to participate in our tax sale as well as the format of the sale.

 

If you plan to purchase 5 or more bills statewide, 3 or more bills in any one county or plan to invest $10,000 or more statewide you must register with the Department of Revenue annually.  Forms and instructions can be located on their website:  http://www.revenue.ky.gov/Property+Tax/

 

Finance and Administration Cabinet

Department of Revenue

Office of Property Valuation

P O Box 1202

Frankfort, KY  40602-1202

502-564-8338

 

You must also register with the Estill County Clerk at least 10 days in advance of the sale (No later than August  16, 2016)  The sale date is August 26. 2016, Beginning at 9:00 A.M.

     * The fee for this registration is $10.00 per bill up to a maximum of $250.00.

     * You must sign and complete a form with the following information provided.

         a.) Purchaser’s Name

         b.) Mailing Address (physical and P.O. Box)

         c.) Telephone Number

    * You must complete an affidavit affirming that the purchaser is not related to any other individual or entity that will be participating in the sale. The affidavit must be notarized.  If the purchaser is an entity, the purchaser shall provide the name of a contact person who can be reached at the address and phone number provided.

      * Each entity participating in the sale must have a separate representative.

      * You must provide a copy of your registration certificate from the Department of Revenue.

3.  Ten (10) business days prior to the sale date 3rd party purchasers with prior year certificates will be permitted to submit lists, along with 100% of the funds to cover these lists.  This list will be to purchase 2015 bills for which they have priority to purchase due to prior year certificates of delinquency.

 

 

    The list must include the following information.  There is a template file on this site that should be used for submission.  Please be sure that the columns appear in the order we have listed here.

     * Parcel ID

     * 2015 tax bill number

     * Tax Year

     * Property Address

     * Current amount due for 2016 (as of the date of the actual sale)

     * Total of all certificates requested including the $28.00 fee for the assignment and recording of the   Lis Pendens for each bill.

     * (Unreleased) Prior year certificate bill number

 

4. Submission of Lists of Certificates for the Lottery Sale – At the same time the registration sheet is submitted at least 10 days before the sale:

     * 2015 tax bill number

     * Tax Year

     * Property Address

     * Current amount due for 2016 (as of the date of the sale)

     * Total of all certificates requested including the $28.00 fee for the assignment and recording of the Lis Pendens for each bill.

 

5. A 25% deposit will be required when the list is submitted with the balance due when the sale is complete.

     * Each entity will be allowed to pull a number to determine the order of priority for the sale. Each entity will be allowed to purchase bills in this order until all bills are sold.

     * Bills will be sold in lots of 5 lots not to exceed 2% of the total number of certificates included in the pool for sale.

     * All funds must be submitted by certified check, cashier’s check or money order made payable to the Estill County Clerk.

 

If you have questions, feel free to contact the Office at 606-722-5158.