Tax sale overages are excess funds generated from a tax sale auction when the winning bid amount exceeds the delinquent tax debt and associated costs.

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When a property is auctioned due to unpaid property taxes, the winning bid might exceed the owed taxes and fees, creating an overage.

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Property owners, former owners, lien holders, or individuals with a legal interest in the property at the time of the sale may be eligible to claim overages.

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You can inquire with the county tax office or treasurer's office where the property was auctioned to determine if there are any overages. The easiest way is to contact us and we will do the leg work.

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The process varies by jurisdiction but generally involves submitting a claim with supporting documentation to the appropriate government office. The process gets a little more complicated when the original owner of the property is deceased. The good news is we can still help.

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Yes, there's usually a statute of limitations within which you must claim the overage, which can vary from state to state. This is very important to know, if you wait too long the County may escheat (seize) the funds and at that point the funds will be gone forever.

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Yes, there are companies that specialize in helping individuals claim tax sale overages, but be cautious and research thoroughly before engaging their services.

Unclaimed overages might be transferred to the state's unclaimed property department or used to pay outstanding debts associated with the property. Depending upon the State, after a certain period of time the funds will go back to the County.

Yes, in some cases, parties with competing claims to the overage might need to resolve their disputes through legal channels.

Yes, tax laws might consider overages as taxable income. Consult a tax professional for advice.