Date: May 19, 10 am EDT
Real estate tax is a lien on property the City has, granted by state law. (See RIGL 44-9-1.). When real estate taxes become delinquent the municipality is empowered to offer and transfer the City’s lien to a third party in exchange for payment of the tax and interest.
A tax sale is not a sale of the property.
Third parties cannot pay the tax at any other time in exchange for a lien outside of the tax sale.
Providence is conducting its next tax sale at 10 am EDT on May 19, 2022. The sale will be hosted online by Civic Source, www.civicsource.com. Advance registration for the tax sale is required both with the City (first) and Civic Source (second). City registration is open between April 18 and 4pm EDT May 6.
To download a registration form, click HERE.
To download IRS form W-9, click HERE.
Registration requirements have changed from past years.
Business entities must submit their last annual report and be in good standing. If no annual report exists, the bidder will need to register under a SSN.
All bidders must furnish a certified check for $1,500 as a bond to guarantee payment of the tax upon winning a bid. The bond will be forfeited if the tax is not paid post-sale. The bond will not be applied toward payment of any bid and will be returned if you furnish us a SASE with payment. If the business entity has an insurance policy in force which would indemnify the City in the even the winning bid in not paid, you can submit evidence of that in lieu of payment.
Registrations must be mailed/couriered, or hand carried to Room 203 in City Hall for receipt by the end of business on May 6.
Once your City registration is approved you will be able to register with Civic Source directly for a bidder number and to set up payment arrangements. Civic Source’s website has information and tutorial lessons for online bidding.
After the tax sale the City will record in the land evidence records a tax sale lien in favor of the winning bidder within 60 days and mail the Collector’s Deed to the lienholder.
The City Collector handles redemptions of tax sale liens in the year following the sale, including recording Redemption of Liens and payment of tax and interest back to the lienholder. Beyond one year, the lienholder is responsible for receipt of redemptions and recording a Redemption of Lien.