Madison County Tax Foreclosure Auction: Everything You Need to Know

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Are you interested in buying property at the Madison County Municipal Tax Auction for 2021? If so, you’re in the right place. In this article, we will provide you with a comprehensive overview of the tax foreclosure auction and guide you through the entire process. From understanding the relevant laws to knowing how to bid successfully, we’ll cover it all. So, let’s dive in!

Key Points

  1. The Madison County tax auction is scheduled for Thursday, September 16th, 2021. The live online bidding will commence at 10 a.m.
  2. The auction is entirely online, and it is exclusively available on the NYS Auctions website.
  3. The properties featured in this auction have become part of the auction due to delinquent property taxes.
  4. The auction is governed by Article 11 of the New York State Real Property Tax Law (RPTL).
  5. Property owners are legally obligated to pay their taxes. Failure to do so may result in foreclosure and inclusion in the tax auction.
  6. Interested parties can access the full text of Article 11 on the New York State Senate website.
  7. Absolute Auction and Realty, along with the NYS Auctions team, has been organizing tax auctions for over 20 years and specializes in returning properties to the real property tax rolls.
  8. Over 60,000 properties have been successfully auctioned throughout the state of New York.
  9. The tax auction is a one-time annual event that takes place between March and December.
  10. Delinquent properties subject to foreclosure must have two years of unpaid taxes for all property types, except agricultural properties, which require three years of delinquency.
  11. Tax bills and notices are sent to property owners indicating the amount owed and the payment deadline.
  12. Public notices are published in local newspapers to inform delinquent property owners and interested parties about the auction.
  13. These notices contain a list of delinquent properties and remain published for a specific period of time.
  14. It is essential for property owners to pay their taxes on time, even if they did not receive the tax bill via mail.
  15. Failure to pay property taxes can result in a municipality initiating a foreclosure action.
  16. The foreclosure process includes a title search to identify interested parties, including property owners and other potential stakeholders.
  17. A 90-day notice is given to interested parties before the county takes ownership of the property.
  18. The foreclosure procedure follows specific legal guidelines, ensuring the validity and finality of the auction process.
  19. Auction participation requires potential buyers to register on the NYS Auctions website and submit a refundable deposit.
  20. Bidding during the auction takes place online, and the highest bidder will be awarded the property.
  21. Successful bidders are required to pay the remaining balance of the purchase price within a specified timeframe.
  22. Once the payment is made in full, the buyer can take ownership of the property.


Participating in the Madison County Municipal Tax Auction can be a great opportunity to acquire properties at potentially favorable prices. By understanding the process, legal requirements, and key points discussed in this article, you can confidently participate and make informed decisions during the tax foreclosure auction. Remember to conduct thorough research, familiarize yourself with the properties available for auction, and develop a bidding strategy that aligns with your investment goals. Good luck!

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