Links to Tax Lien Statutes and Tax Lien Law

Links to Tax Lien Statutes and Tax Lien Law

Looking for the specific statutes regarding tax certificate sales and tax lien redemptions?  I’ve added links to state tax lien statutes below.  If you have questions, be sure to consult a tax lien attorney.

Alabama:  Title 40, Chapter 10 (Revenue and Taxation)

http://alisondb.legislature.state.al.us/acas/ACASLoginFire.asp

Arizona:  Title 42 (Taxation)

http://www.azleg.state.az.us/ArizonaRevisedStatutes.asp?Title=42

Colorado:  Title 39, Articles 11 & 12

http://www.state.co.us/gov_dir/leg_dir/olls/colorado_revised_statutes.htm

District of Columbia: Title 47, Chapter 13

http://government.westlaw.com/linkedslice/default.asp?SP=DCC-1000

Florida: Chapter 197

http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=Ch0197/titl0197.htm&StatuteYear=2000&Title=%252D%253E2000%252D%253EChapter%20197 (more…)

Seven Reasons to get into Tax Lien Investing

Seven Reasons to get into Tax Lien Investing

Tax lien investing is well off the radar for most of the public. But, that’s only because it is not promoted by brokers or real estate agents. And why should it? No one can earn a commission because you buy straight from the county or municipality! The returns are great—up to 24% a year in some states. Here are seven reasons why you should get into tax lien investing:

1. Great returns. While the 24% is only found in one state (Iowa), the rate of interest you earn is typically in the teens for almost all states selling delinquent property tax liens and certificates. Plus, with quick redemptions (meaning, when the taxpayer pays you back), your annual returns could be much much higher if you reinvest your funds throughout the year.
(more…)

Just What is a Tax Lien?  How to Invest in Tax Liens – The Basics

Just What is a Tax Lien? How to Invest in Tax Liens – The Basics

A tax lien, just as any other lien, is a security interest granted over someone’s property to ensure payment on an obligation is made.

Local cities and counties all rely on property taxes to fund their police and fire departments, parks, and vital government services for the general public.  They use their legislative powers to ensure taxes are paid once, twice or even four times a year on all property they deem taxable – most land, houses, and even personal property.  If those taxes are not paid when due, the local jurisdiction creates a tax lien on the property that carries rights to enforce payment through foreclosure or other means.  These tax liens can then be sold to private investors who will have the same rights to enforce payment as the local jurisdiction.
(more…)

The History of Selling Tax Liens

The History of Selling Tax Liens

Ever wonder how and why private investors are allowed to purchase tax liens from the government?  Here’s a quick historical summary for you to tell you friends about:

In the year 300 B.C., the Roman Republic began an incredible expansion of their empire through trade and conquest.  Their rapidly increasing territory put demands on the Roman government to raise funds for their army and growing bureaucracy.  Taxes were levied on land, livestock and houses at a nominal 1-2% rate much as they are still applied in the modern world.  They were originally collected by tax administrators near the end of harvest time each year. (more…)

Really?  No Holding Costs to Invest in Tax Lien Certificates?

Really? No Holding Costs to Invest in Tax Lien Certificates?

One of the great things about tax lien investing is that there really are no holding costs to your investment until your ready to file and get the deed to the property. In fact, you are the one that gets to sit back and get paid for a change. The only additional funds you will need to put toward your tax lien certificates when you invest in tax liens is to purchase additional subsequent liens that are only offered to you.  Moreover, those subsequent investments earn the full statutory rate – 18 to 24% in some states!
(more…)

Links to 2013 Florida Delinquent Tax Auctions

Links to 2013 Florida Delinquent Tax Auctions

Looking for county information and auction sites for the 2013 Florida Tax Certificate auctions?  Click the links in blue to be taken directly to the county auction information site:

Alachua County             Tax Sale Information   

Baker County                Tax Sale Information 

Bay County                   Tax Sale Information 

Bradford County            Tax Sale Information  

Brevard County             Tax Sale Information  

Broward County            Tax Sale Information 

Calhoun County           Tax Sale Information 

Charlotte County           Tax Sale Information  

Citrus County                Tax Sale Information  

(more…)