NOTICE FOR TAX SALE MARCH 1, 2010

TIME: 9:00 AM

LOCATION: JOHNSON COUNTY BOARD ROOM

Delinquent taxes are advertised in the Tecumseh Chieftain the first 3 weeks in February. Please note that the dollar amounts in the newspaper do not include delinquent interest and may include multiple years of back taxes. All interested parties should review the tax files in advance of the sale.

A drawing will be held to establish the rotational order that will be used. (Low number will go first). After the rotational order is established and upon each person’s turn in the rotation, they will be allowed to select any one of the available properties from the published list.

The Johnson County Treasurer reserves the right to EQUALIZE THE DOLLAR VALUE OF THE TAX SALE CERTIFICATES WHICH ARE SELECTED BY PARTIES TO ASSURE THAT THERE IS EQUAL ALLOCATION OF THE TAX SALE CERTIFICATES BETWEEN ALL BIDDERS.

You are only purchasing a tax lien on the property by paying the back taxes. In 3 years time you can take action to foreclose on this property at your own expense if the tax sale is not redeemed. During the 3 years you can pay the subsequent delinquent taxes as they become delinquent on May 1 and September 1 of each following year.

There are statutory TIME LIMITS which determine the life of a tax sale certificate. If you don’t take action within those time limits – the tax sale could be cancelled and you will lose your investment. We do not provide notification of these expiring time limits nor do we advise on how to foreclose on a tax sale.

Please have your W9 and investor information sheets and a blank check payable to the Johnson County Treasurer ready before the sale. You will pay all the taxes, interest, fees and a tax sale fee of $10.00 for each property. The $10.00 fee is not reimbursed upon redemption.

You have agreed to the above by your participation. Nebraska Revised Statute Chapter 77 Section 18 deals with tax sales and certificates if you have further concerns.

JOHNSON COUNTY TREASURER

JUDITH A HEIDEMANN