Erie County, New York Tax Sale Guide

If you’re considering tax lien or tax deed investing, Erie County, New York is a great place to start. This area offers excellent potential returns and opportunities to acquire properties at significantly reduced costs. With strategic planning and thorough research, you can navigate this investment landscape effectively.

Understanding Tax Lien Certificates and Tax Deeds

Tax Lien Certificates: When property taxes go unpaid, the county may issue a tax lien certificate, which investors can purchase. The property owner must then pay back the owed amount plus interest to the investor within a specified period.

Tax Deeds: If a tax lien remains unpaid, the county can foreclose and sell the property at a tax deed auction. This gives the investor full ownership of the property.

Steps to Start Tax Lien or Tax Deed Investing in Erie County

Research and Understand Local Laws

• It’s essential to understand the legal framework of Erie County. Regulations can be found on the Erie County Real Property Tax Services website.

Visit the Local Treasurer’s Website

• Tax Deed Information: Auction & Foreclosure Information

• Real Property Tax Services: Erie County Real Property Tax Services

Check the Auction Site

• Auctions are typically held at the Buffalo Niagara Convention Center. Details about upcoming auctions and registration can be found on the Erie County Tax Foreclosure Auction page.

Read the Details About Tax Liens or Tax Deeds

• Understanding the sale schedule and procedures is crucial. This information is available on the county’s auction page and includes parcel inquiries and important dates.

Contact the County Office

• For further inquiries, you can reach out to the Erie County Real Property Tax Services office at 95 Franklin Street, Room 100, Buffalo, NY 14202, or call (716) 858-8333.

Important Details

Detail	Information
Tax Sale Type	Tax Deeds
Typical Sale Date	Varies, typically announced on the auction information page.
Redemption Period	None for tax deeds
Interest Rate	N/A
Bid Procedure	Premium bid (property sold to the highest bidder)
Deposit	20% of purchase price or $500, whichever is greater
Auction Site	Buffalo Niagara Convention Center, 153 Franklin St, Buffalo, NY 14202
Contact Information	Erie County Real Property Tax Services, [email protected], (716) 858-8333

Pro Tips

• Use Your Credit Card: New York allows you to purchase tax deeds using a credit card, which can be an advantage if you have a high credit limit.

• Thorough Research: Always inspect the property if possible and understand the full details before bidding. This helps in planning whether to flip or hold for a better return.

Attractions and Economic Highlights of Erie County

• Popular Attractions: Parks, theatres, historic sites, and proximity to Lake Erie.

• Transportation Infrastructure: Good road networks, rail connections, and proximity to the Canadian border, enhancing commercial opportunities.

• Economic Development: Diverse economy with strong sectors in healthcare, education, and technology.

Frequently Asked Questions

How frequently does Erie County hold tax deed sales?

• Sales are held periodically, typically once or twice a year. Check the county’s auction information page for exact dates.

Can I use a credit card to purchase properties at the auction?

• Yes, New York allows the use of credit cards for purchasing tax deeds.

What is the typical redemption period for tax deeds in Erie County?

• Erie County removes the redemption period as soon as the property sells at auction.

For more information, visit the Erie County Real Property Tax Services.

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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

20+yrs

5–10deals/mo

2009TLS founded