Indiana Tax Liens

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Indiana is one of the preferred states to invest in real estate. Aside from the fact that the interest rate is favorable and flat free, the redemption period is short unlike others.

The interest rate can be as high as 25% and 10% flat for the first 6 months. The second 6 months can then be 15% and an overbid interest of 10% every year. The redemption period is just 1 year for A and B properties while 120 days for the C properties. There is no right of redemption after sales. Tax lien sales are held in August, September, and in October.

Illinois Tax Liens

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Illinois’ interest rate is 24% on farm land and 36% for a full year. County tax sales in Illinois are held in November and the redemption period is 2 years.

Most counties require the bidder to pre-register at least 10 days ahead of the auction schedule.

Florida Tax Liens

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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

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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

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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.