I purchased my property through the Grant County Tax Sale. Why isn’t tax sales used when assessing income properties, especially if they are the predominant sales?
A property is entered into the County Tax Sale after the owner has not paid three consecutive tax bills. The value is based on the taxes owed, not the actual market value of the property. Therefore, these sales are not included in any studies. These properties may also be purchased with the intention of income, based on likelihood of redemption by the owner and subsequent interest payments to the purchaser.