Tax Forfeited Land's Frequently Asked Questions
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.
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. firstname.lastname@example.org
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.
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.
Can I purchase the land on a contract for deed?
Yes. parcels may be sold on the following terms, to wit: That on sales amounting to $5,000.00 or less per parcel, the purchase price shall be paid in full at the time of purchase. On sales amounting to more than $5,000.00 per parcel, the purchaser shall pay a minimum of $5,000.00 down or 25% of the purchase price (whichever is greater) with the privilege of paying the balance over 5 years with the balance amortized over the 5 years plus interest at the rate according to Minnesota Statutes 282.01, Subdivision 4, on the deferred balance. Any remaining balance may be paid at any time. If the property is purchased on a contract for deed, a $46.00 fee will be required at the time of purchase for the recording of the contract. Any contract for deeds on properties on this sale, are required to be recorded. Any property with a known well on it, will be charged a $50.00 fee for recording the well certificate. Any property purchased on a contract for deed that has buildings on it, will be required to carry insurance on the property with Aitkin County as a loss payable on it until such time as the building and timber costs have been paid in full. The insurance binder will be required to be sent to the Land Department within 5 days of the purchase. 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. The 3% real estate assurance fee will be due at the time of sale whether it be cash or contract.
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|
|25% downpayment or $5,000 whichever is greater||$25,000.00||25% downpayment or $5,000 whichever is greater||$37,500.00|
|3%||Real estate assurance||$3,000.00||Real estate assurance||$4,500.00|
|Recording fee||$46.00||Recording fee||$46.00|
|Required downpayment||$28,046.00||Required downpayment||$42,046.00|
|contract for deed amount||$75,000.00||contract for deed amount||$112,500.00|
|principal payments||$15,000 plus interest per year||principal payments||$22,500 plus interest per year|