Oct 15, 2026 · in 9 days
Commonly required for marketable insured title after SC tax deed; high redemption-period cloud and notice issues drive litigation risk.
South Carolina tax sale with post-sale redemption. Charleston County Delinquent Tax Division holds annual in-person public auction (2025 sale began Dec 8 at North Charleston Coliseum Montague Room; multi-day if needed). Opening bid = taxes, assessments, penalties, costs + current year taxes. ~80% historical redemption rate; 12-month redemption with interest ladder 3%/6%/9%/12% by quarter. Unsold parcels to Forfeited Land Commission then sealed-bid silent auction (~1 month later). Tax deeds are quitclaim — not warranty deeds.
Inherited from South Carolina rather than researched for Charleston: type, redemption, returns, statute.
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Spread is not profit.It compares the opening bid to the county's assessed value, which is not market value — S.C. Code § 12-43-220(e): all other real property not otherwise provided for is assessed at six percent of fair market value. South Carolina assesses by property class rather than by county — 4% legal residence (c), 4% agricultural held by individuals (d)(1)(A), 6% agricultural held by corporations (d)(1)(B), 10.5% manufacturing and utility (a)(1). Open a parcel to run the full max-bid analysis, which accounts for the assessment ratio, surviving liens, quiet title, and holding costs.