Are You Owed Money from a Tax Sale? Understanding Tax Overages and How to Claim What’s Yours

If your property was recently sold at a tax sale due to unpaid taxes, you may think you’ve lost everything. But what many homeowners don’t know is that they could be entitled to receive money from the sale of their property. This money, known as tax overages or surplus funds, often goes unclaimed simply because people are unaware of their rights and nobody else is there to fight for you.

If your property sold for more than what was owed in taxes, you might have a right to collect those extra funds.

What Are Tax Overages?

When a property is sold at a tax sale, the proceeds from the sale are used to pay off any outstanding tax debts, liens, or other encumbrances. However, if the property sells for more than the amount owed, the remaining funds—referred to as tax overage funds—are rightfully owed to the former property owner.

Unfortunately, these funds don’t automatically come to you. In many cases, if they go unclaimed for too long, they may be absorbed by the government.

But we are here to find them and recover them for you.

The Problem: Why So Many People Miss Out on Tax Overages

Many people are unaware of the concept of tax overages, and as a result, they miss out on money that belongs to them. After a property is sold, state or local governments aren’t always proactive in informing you that there’s money waiting to be claimed. The process of recovering these funds can be complicated, with strict deadlines, paperwork, and legal hurdles. Additionally, each state has its own rules and regulations, making it even more challenging to navigate.

That’s why so many former property owners never receive the money they’re owed. But it doesn’t have to be that way. With the right guidance, you can claim your tax overage funds and recover what’s rightfully yours.