The minimum bid accepted is the appraised value. Prices cannot be changed unless a parcel is re-appraised, advertised and again offered at public auction. The County Treasurer-Auditor Department collects an amount equal to three percent of the total sale value of the land, which is in addition to the price of the land. Sales are subject to existing leases, if any, building restrictions appearing on record at the time of forfeiture, easements, all applicable laws and ordinances, and with the understanding that the appraised value does not represent a basis for future taxes.
All sales are final, and no refunds or exchanges are permitted.
If municipal special assessments were cancelled at forfeiture, the assessments may be reassessed by the municipality. Local improvements not yet assessed and special assessments levied after forfeiture must be assumed by the purchaser. The State Commissioner of Revenue will issue a deed from the State of Minnesota after full payment is made. This conveyance shall have the force and effect of a patent from the State. However, services of an attorney may be necessary to make the title marketable.