All bids must include the following information to be considered:
The name, address, and daytime telephone number of the bidder.
The name to appear on the tax sale certificate.
For group bids, the group number must be provided. For individual property tax lien bids, the tax account number of the individual properties as well as the associated group number must be provided.
The bid must be expressed as a multiple (bid factor) of the full cash value of each property or, for group bids, all the properties in the group. For example, a group bid factor of 0.45 would indicate that the bidder is bidding 0.45 times the full cash value on all properties in the group. If a bidder bids on an entire group, then the bid factor must be the same for all individual properties within that group. If a bidder bids on multiple groups, then the bid factor may be different for each group. If a bidder bids on individual properties within a single group or multiple groups, then the bid factor may be different for each individual property.
Bids that do not include all of the preceding information are not responsive and will be excluded from the sale. In the case where the bids are identical for the same group of properties, the winning bid will be selected by lottery no later than 9:00 a.m. ET on Tuesday, June 11, 2024.
Bids must be received between 8:00 a.m. and 2:00 p.m. ET on Monday, June 10, 2024. No bids will be accepted before or after that period. Bids may be submitted by express mail, overnight or courier delivery, or in person. Bids must be addressed to the attention of "The Tax Sale Administrator," Division of Treasury, 27 Courthouse Square, Suite 200, Rockville, MD 20850. Bids may also be submitted via e-mail to taxliensalebid.finance@montgomerycountymd.gov. All attachments must be MS Windows compatible. Faxed bids will not be accepted.
All successful bidders/purchasers will be notified by telephone no later than 10:00 a.m. ET on Tuesday, June 11, 2024. Notification will include the tax sale amount and the amount due for the high-bid premium. Bidders who are subject to a lottery will also be notified at that time. The successful bidder/purchaser is required to pay the full amount due as advertised plus any high-bid premium for all winning bids with payment received by the County no later than 4:00 p.m. ET on Tuesday, June 11, 2024. The method of payment is electronic funds transfer. The County will confirm with its bank the receipt of the payment. Wire payments must be directed to PNC Bank, 800 Connecticut Avenue, NW, Washington, DC 20006 ABA #031000053 for credit to Montgomery County Maryland Depository Account Number 5303561481, TIN#526000980.
The high-bid premium is 20% of the amount by which the bid amount exceeds 40% of the property full cash value. In the event that the computation results in a negative high-bid premium, the premium amount will be set to zero.
Successful bidders/purchasers who do not make payment for the full amount due for all winning bids by the specified time are considered non-compliant and excluded from the auction for all winning bids. At that time, the County reserves the right to make the award to the next highest bidder until all tax liens are sold. The Collector reserves the right to take appropriate action under Tax-Property Article 14-817(a)(3) including but not limited to the right to refuse to accept bids that are not made in good faith and the right to bar a purchaser or holder of a certificate from participating in future tax sales held by the County. At the County's option, property groups and/or individual properties not sold may be offered for sale, at a later date, to the highest bidder until sold. Successful winning bidders MUST register with CVRS (https://mcipcc.net/main/homePage.php) and provide banking information as refunds for redemption payouts will be paid by ACH transactions.
