How is the cost of a Tax Certificate determined

The amount of the Tax Certificate is the sum of the unpaid real estate tax and non-advalorem assessment, 3% interest, 5% Tax Collector’s commission, plus advertising costs.

To participate in the sale, a bidder must register with the tax Collector’s Office. Bidding on interest starts at 18% and is bid down until the certificate is sold.

Putnam County Tax Collector