Take note, Florida is both a tax deed and tax lien state. The interest rate here is 18% and its redemption period is 2 years. Tax lien sales are held in May and June and one may win an auction through competitive bidding.
Colorado Tax Liens
Colorado’s interest rate is 9% plus with federal discount rate with a three year redemption period. Since the interest rate may get a bid down, it is advisable to be cautious when bidding in popular counties.
Arizona Tax Liens
In Arizona, the interest rate is 16% while the redemption period is 3 years. Tax Lien sales are usually held in May or June but still may depend on the specific county. Auctions in this state are by competitive bidding.
Alabama Tax Liens
Tax Lien sales are being conducted in May in Alabama every year. The interest rate in Alabama is 12% and the redemption period is 3 years.