
Tax Forfeited Land's Frequently Asked Questions
Land Sales
1. When
are they held?
2.
How can I find out what is for sale?
3.
How are the parcels selected for sale?
4.
What is meant by 'no access'?
5.
Can I purchase the land on a contract for deed?
6.
What if a parcel doesn't sell the day of the auction?
7. Example of
downpayments that would be due on a contract for deed at the land sale.
1.
When are they held?
Aitkin County tax forfeited land auctions are held once a
year, usually in the late summer early fall. The only way that tax forfeited land can be
sold is by public auction. The auction is an oral bid (raise your hand
to bid) auction. You or someone representing you must be present at the
auction. No sealed bids are accepted and no internet bidding.
2. How can I find out what is for sale?
Every year the list of available properties is mailed out to
all who request to be on a mailing list. An email is also sent out to
anyone asking to be on that list. The email notification contains the
links to the parcel information pages. The web site will have parcel
information on each individual parcel along with photos, aerial
photography, and a copy of the plat if it is a platted parcel. Each year
the information on the sale is placed on the web approx. 2 months in
advance of the sale. Please check our web site for information or email
us to be put on the notification list when it becomes available.
acld@co.aitkin.mn.us
3.
How are the parcels selected for sale?
Many people inquire about the process used to determine which
tax-forfeited parcels are offered for sale. Much of Aitkin County tax
forfeited land has been dedicated for public benefits and will not
be considered for sale. Large blocks of forest land, recreation areas,
wildlife habitat considerations, public water frontage, public access,
or gravel deposits are prime examples of why land would be retained by
the County.
Some parcels are proposed for sale by Aitkin County.
Generally, recent tax forfeitures or parcels not essential to County
management plans are proposed for sale by the County. Individuals may
also request that certain parcels be considered for sale. However, just
because we receive a request, that doesn't mean that the parcel will be
offered for sale. Once the proposed list is generated, it is reviewed by
county staff to see if any of the parcels will cause future land
management problems.
Once the list has been created, a public hearing is held to determine the
land classification of the parcels. A parcel must be classified to
dispose of in order to be offered for sale. This public hearing is held
by the Aitkin County Board of Commissioners. The list is published on
the web site for the public review. At the public hearing the proposed list
is reviewed and the County Board
determines the parcels to be classified to be disposed of, based on input from the
previous reviewers. The list is then forwarded to the Minnesota
Department of Natural Resources for review and approval. Specific land
parcels will be offered for sale if all of the above parties approve the
sale of them. If any one of the above parties disapproves of the sale of
a specific parcel, it will not be offered for sale.
4.
What is meant by 'no access'?
If a parcel is sold without access, it is the purchaser's
responsibility to obtain an access into the property. If there is no
access, you will be trespassing to cross another individual's property
to get to it without their permission. The first step In getting an
access into a land locked parcel, is to talk to the adjoining land
owners to see if they are willing to give or sell you an easement. In the State of Minnesota, there
is a law (Statute 164.08 subd 2) that determines whether a property is
eligible to force an access into the property if you are not able to get
one from an adjoining land owner.
5.
Can I purchase the land on a contract for deed?
Yes. However, on sales amounting to $500.00 or less per
parcel, the purchase price shall be paid in cash at the time of
purchase. Sales amounting to more than $500.00 per parcel, the purchaser
shall pay at least 10% or $500.00 of the land value, whichever is
greater, plus the timber and buildings (in full), with the privilege of paying the
balance in equal yearly payments. But a minimum of $100.00 per year on
the principal is requried
(not to exceed 10 years, or in 10 equal, annual installments plus
interest, whichever is shorter) at the present rate of 10 percent per
annum (interest is set by the state each year and can vary from 10% to
15%). (simple interest accrues). Any remaining balance may be paid at
any time with payments going first to interest due and 2nd to principal. The purchaser shall pay in cash at the time of the sale, the
entire sale price of the timber and buildings when listed
separately plus 10% of the land. The purchaser at such sale shall be entitled to immediate
possession subject to the provisions of any existing lease made on
behalf of the State. All lands are sold subject to any railroad, highway
and other easements.
6.
What if a parcel doesn't sell the day of the auction?
If a parcel doesn't sell the day of the auction, it is
available on a first come, first serve basis for the appraised price for
a period that is determined by the county board. Generally it is
available for 4 months after the date of sale. After that time,
the sale is closed to allow time to prepare for the next year's sale and
no purchases will be allowed.
| Sale price of property | $100,000.00 | Sale price of property | $150,000.00 | ||
| 1% | Timber | $1,000.00 | Timber | $1,500.00 | |
| 43% | Land (10% due day of sale) | $43,000.00 | Land (10% due day of sale) | $64,500.00 | |
| 56% | Buildings | $56,000.00 | Buildings | $84,000.00 | |
| 3% | Real estate assurance | $3,000.00 | Real estate assurance | $4,500.00 | |
| Recording fee | $46.00 | Recording fee | $46.00 | ||
| Required downpayment | $64,346.00 | Required downpayment | $96,496.00 | ||
| contract for deed amount | $38,700.00 | contract for deed amount | $58,050.00 | ||
| principal payments | 3,870.00 plus interest | principal payments | $5,805.00 plus interest |