Oct 19, 2026 · in 18 days· 10:00 AM
Commonly required for marketable insured title after SC tax deed; redemption-period cloud and notice issues drive litigation risk.
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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.
South Carolina tax sale with post-sale redemption. Greenville County Tax Collector holds in-person public auction (typically early November at Greenville Convention Center; 2025 sale Nov 3–4). Opening bid by Forfeited Land Commission equals delinquent taxes + penalties + costs + current year taxes. Successful bidder pays same day in cash/cashier's/certified check. Owner (or mortgagee) has 12 months to redeem with statutory interest ladder (3%/6%/9%/12% by quarter of redemption period, capped). If not redeemed, Tax Collector issues tax deed (not a warranty deed).
Inherited from South Carolina rather than researched for Greenville: type, redemption, returns, statute.