In Texas the opening bid starts at the amount of back taxes and fees owed. If there is competition the bidding 'war' so to speak, will raise the cost of the opening bid.

So lets take an example of a property which has $5,340 dollars in back taxes and fees owed. In such a case the bidding will start at $5,340.

Interest rates or penalty returns are set by statute in Texas thus are not part of the bidding scheme.

Please let me know if you have any other questions!

Darius M. Barazandeh

Warmest Regards,

Darius M. Barazandeh, JD/MBA

NOTE: Any material found on this discussion forum or email with Mr. Barazandeh is not a substitute for detailed consultation with an attorney and does not create an attorney/client relationship. Information contained within this discussion forum is NOT intended to be, nor should it be taken by the reader as legal, financial or tax advice. If the services of a real estate attorney are needed please email Mr. Barazandeh or another attorney to learn about becoming a legal client.