2015 Delinquent Tax Property Foreclosure Timeline

March 1, 2016

2015 taxes are turned over delinquent to the Otsego County Treasurer

By June 1, 2016

Taxpayer is notified of delinquency via 1st class mail

By September 1, 2016

Taxpayer receives 2nd notice of delinquency via 1st class mail

On October 1, 2016

Additional $15.00 fee added to each delinquent parcel

On November 1, 2016

List is compiled of properties subject to forfeiture on March 1, 2016

On March 1, 2017

$175.00 fee is added to parcel and property is forfeited to the Otsego County Treasurer. Interest rate on unpaid balance increases to 1.5% per month retroactive to March 1, 2015

Between March 1, 2017 and January 31, 2018

1. Title searches conducted to identify parties with legal interest in the property. 2. Petition seeking foreclosure of forfeited property filed with Circuit Court 3. Personal visit to forfeited property with personal service or posting of notice 4. Administrative Show Cause Hearing held 5. 4th notice of delinquency and imminent foreclosure made via certified mail

Show Casuse/Foreclosure Hearing

Between January 1, 2018 and March 31, 2018

Show Cause and Final/Circuit Court hearings for foreclosure judgment will be held during this time period. Property owner (or certain other parties with a legal interest in the property) has until March 31, 2018 to redeem the property by paying all taxes, interest, penalties, and fees on uncontested cases.

On April 1st after Foreclosure Judgment

Title to property is forfeited permanently to the Otsego County Treasurer

Between July 2018 and November 2018

Foreclosed property offered for purchase at public auction to the highest bidder Visit tax-sale.info for more information regarding Public Land Auction

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