Question 1

What is a redeemable deed?

Accepted Answer

A redeemable deed is a deed issued at a tax sale that allows the former owner to reclaim (redeem) the property within a specified period by paying the delinquent taxes, interest, and costs. In Florida: tax certificates (Section 197.432) are sold at the annual tax certificate sale (the certificate holder pays the delinquent taxes and earns interest). Redemption: the property owner can redeem the tax certificate at any time before a tax deed is issued (by paying the certificate amount plus interest). After a tax deed is issued: there is no redemption period (the sale is final).

Question 2

How does tax certificate redemption work in Florida?

Accepted Answer

Redemption process: the property owner contacts the tax collector’s office, pays the full redemption amount (delinquent taxes + interest + fees), and the tax certificate is cancelled. Interest rates: the certificate holder bids an interest rate at the tax certificate sale (from 18% down; the lowest bidder wins), and the property owner pays interest at the bid rate. Timeline: the property owner can redeem at any time before the certificate holder applies for a tax deed (which can be done after 2 years from the certificate date). After the tax deed application: the property owner receives notice and has a limited time to redeem before the tax deed is issued.

Question 3

What is the difference between a tax certificate and a tax deed in Florida?

Accepted Answer

Difference: tax certificate (a lien on the property; the certificate holder does NOT own the property; the property owner can redeem by paying the taxes + interest; the certificate earns interest for the holder). Tax deed (actual ownership; the certificate holder applies for a tax deed after 2 years; if the property owner fails to redeem: the property is sold at a public auction; the highest bidder receives the tax deed and takes title). The key distinction: a tax certificate is a debt instrument; a tax deed is an ownership document.

Redeemable Deed

Redeemable Deeds in Florida

Tax Certificate vs. Tax Deed

Redemption

Timeline

Related Terms

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