
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?
NEW TERMS
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.
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 | ||
| 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 |