The Queen Anne's County Tax Sale will be conducted in accordance with the provisions of the Annotated Code of Maryland, Tax-Property Article, Section 14-817 “Sale at Public Auction”. The Collector will establish a high bid premium to be applied to all properties to be sold at the Tax Sale as defined under Section 14-817.
High Bid Premium Calculation Example:
| Taxes: | | $ 1,000.00 |
| | | |
| High Bid Premium: | | |
| Cash Value: | $100,000.00 | |
| 40% Cash value ($100,000 x .40) | $ 40,000.00 | |
| | | |
| Bid: | $ 50,000.00 | |
| Less 40% Cash Value: | $ 40,000.00 | |
| Total: | $ 10,000.00 | |
| | | |
| 20% Premium ($10,000 X .20): | | $ 2,000.00 |
| | | |
| Total Payment: | | $ 3,000.00 |