In November of 2004, Manatron and Bid4Assets announced a partnership to deliver Internet tax sale functionality to the Florida market. Manatron’s large customer base in Florida and excellent track record in serving some of the State’s largest counties has led to a natural partnership with Bid4Assets. Bid4Assicets’ online auction solution, LienPro, coupled with Manatron’s software, provides Florida Tax Collectors with a fully integrated and seamless tax sale process. LienPro is hosted on TaxSale dot com, Bid4Assets’ Web site dedicated to county tax sales nationwide.
Bid4Assets, Inc., the nation’s leader in online asset sales for Federal, state and local government entities, has been using the Internet for the disposition of government property for many years. They have worked with more than 60 government agencies or bureaus to maximize proceeds from the sale of their forfeited, seized, surplus and tax-defaulted property - including the U.S. Marshals Service, the Department of Energy and the Department of Defense. In addition, Bid4Assets’ robust auction engine has positioned them as the leading advertising and auction service provider for both tax deed and tax lien sales nationwide.
Bid4Assets contributes to this partnership, the auction experience and know-how that compliment Manatron’s property tax collection and servicing experience throughout the country. Manatron and Bid4Assets provide an integrated product that is tightly coupled with functional depth and flexibility. The partnership offers multiple bid types and complete end-to-end auction service, including deposit and settlement.
LienPro has been a great success for Florida Tax Collectors and continues to gain momentum in the State. In 2005, the following seven counties in Florida harnessed the power of LienPro by selling over 45,000 certificates with a total value of over $45.8 million.
Polk County:
The 2005 online tax sale held by the Polk County Tax Collector’s Office resulted in over 7 million bids from 1,619 unique bidders registered for the tax sale. Of the 20,025 certificates offered for sale, more than $12.6 million, or 96.7% of the value of outstanding taxes due were collected. The auction attracted bidders from 17 states across the country including Louisiana, Maryland, Nevada and Oklahoma.
Brevard County:
The 2005 online tax sale held by the Brevard County Tax Collector’s Office resulted in over 4 million bids from 1,878 unique bidders registered for the tax sale. Of the 9,095 certificates offered for sale, more than $9.6 million, or 98% of the value of outstanding taxes due were collected. The auction attracted bidders from 33 states across the country including New York, North Carolina, Michigan and Alaska.
Sarasota County:
The 2005 online tax sale held by the Sarasota County Tax Collector’s Office resulted in 3.8 million bids from 1,679 unique bidders registered for the tax sale. Of the 5,459 certificates offered for sale, nearly 100% (5,450) of the certificates were sold, resulting in the collection of more than $9.2 million, or 100% of the value of the outstanding taxes due. The auction attracted bidders from 37 states across the country including Iowa, California, Indiana and Texas.
Escambia County:
The 2005 online tax sale held by the Escambia County Tax Collector’s Office resulted in over 3.5 million bids from 1,548 unique bidders registered for the tax sale. Of the 6,935 certificates offered for sale, over 97% (6,782) certificates were sold, resulting in collection of more than $7 million, or 99.9% of the value of the outstanding taxes due. The auction attracted bidders from 31 states across the country including Connecticut, Washington D.C., Missouri, and Maine.
Charlotte County:
The 2005 online tax sale held by the Charlotte County Tax Collector’s Office resulted in over 2.3 million bids from 1,236 unique bidders registered for the tax sale. Of the 8,352 certificates offered for sale, over 97% (8,127) of the certificates were sold, resulting in the collection of more than $5.5 million, or 99.3% of the value of the outstanding taxes due. The auction attracted bidders from 31 states across the country including Delaware, Colorado, Kansas and Pennsylvania.
Gilchrist County:
The 2005 online tax sale held by the Gilchrist County Tax Collector’s Office resulted in over 245,000 bids from 1,030 unique bidders registered for the tax sale. Of the 743 certificates offered for sale, over 99.1% (736) certificates were sold, resulting in collection of more than $350,000, or 99.9% of the value of the outstanding taxes due. The auction attracted bidders from 18 states across the country including Arizona, Georgia, Massachusetts and New Jersey.
Sumter County:
The 2005 online tax sale held by the Sumter County Tax Collector’s Office resulted in 145,000 bids from 746 unique bidders registered for the tax sale. Of the 1,097 certificates offered for sale, more than $589,000, or 91% of the value of outstanding taxes due were collected. The auction attracted bidders from 22 states across the country including Alabama, Hawaii, Kentucky and Virginia.
LienPro has been successful due to its ability to save local governments time before, during and after a sale. It offers customized and unique Web sites for each county, secure deposit services, tight integration with Manatron’s tax solution, dedicated bidder support services and post sale reporting.
Top