Is the property located in an area where foreclosures are high? For each number, the county has the property address, the name of the owner, the assessed value of the property, the legal description, and a breakdown of the condition of the property, and any structures located on the premises. On auction day, the winning bidder becomes legally committed to paying the back taxes and buying the tax delinquent property lien. Don’t be surprised if the property you wanted to bid on never makes it to auction.