Tax Sale Settings

Navigate:Tax > Tax Sale > Tax Sale Settings

Description

The Aumentum Tax Sale module allows you to maintain the settings for Tax Sales in your jurisdiction.

Steps

Maintain Tax Sale Settings - Configure the various settings relating to the Tax Sale module.

NOTE: See Prerequisites for steps that must be completed before you can complete the Tax Sale Settings task.

Tips

The Tax Sale Participation flag is automatically applied during Final Advertising and is automatically removed if the tax sale item is removed from the Tax Sale (is no longer Participating).

In Beaufort County, all properties whose taxes are not paid for the year by August 31 of the following year are advertised and sold for nonpayment of taxes. Before a property is sold for taxes, three tax notices are mailed. The property may also be physically levied. The redemption period for these properties is usually 12 months.

Reverse endorsements and redemption payments on certificates with endorsements via Tax > Accounts Receivable > Manage Payments > Bad Check. The payment be must made on an endorsed current year tax bill that is not in tax sale. The Cashiering Session and Back Office must be reconciled. The endorsement payment and fees are then removed from the current year tax bill and the endorsement bill is written off. Select the fees applied to Endorsements and Endorsements during TDA using this task.

Prerequisites

Tax Sale Module

Buyers must be set up before you can complete setting up Tax Sale Settings. The Agency for Unpurchased Items must exactly match a Buyer Number.
Fees must be set up before you can associate them with Tax Sale.

Accounts Receivable Module

AR Application Setting - Optionally, set the Accounts Receivable application setting Include overbid in interest calculation for Certificate Refundto true to include overbid amounts in interest calculation for a certificate refund.

Cashiering Module

Penalty/Interest rules must set up in Accounts Receivable > Penalty/Interest Mapping and Setup > Late Payment Rule Setup and Late Payment Rule Groups.

Configuration Module

User Maintenance and Security > User - User must have security clearance in order to edit the Records legal party information: Non-menu items for Records module.

To add a new legal party on Search for Buyer - Add View, Create and Modify rights to 'New Legal Party' task. Add 'Inherited rights'.
To edit existing legal parties on Maintain Buyer - Add View, Create and Modify rights to 'EditLegalParty' task. Add 'Inherited rights'.
If you are using a 'Participating Flag', Tax Sale Flags must be set up in Configuration > Flags before you can complete configuring Tax Sale Settings. The Participating Flag is used in Cashiering Payment Collections in combination with the Accounts Receivable Late Payment Rule Setup and Late Payment Rule Groups to determine how to take payments and if the flag is removed after payment.

Records

Legal Party Maintenance - The buyers are legal parties. You can set up the legal parties in Aumentum Records prior to doing Buyer Maintenance, or use the Add option of the search. The name, address, communication information, and role of buyer are all set up and maintained through Records functionality, which you can also access directly on the Maintain Buyer screen.

Note: The legal party must have a federal id number or social security number, set up in the Identification Number panel of Maintain Legal Party, prior to saving the buyer withholding information.

Dependencies