Earn High Returns with Tax Sales in Tuscarawas County, Ohio

If you’re looking for an investment opportunity with high returns, Tuscarawas County in Ohio might be just the place for you. Here, you can earn up to 18% through tax liens and acquire properties below market value via tax deeds.

Understanding Tax Lien Certificates and Tax Deeds

Tax Lien Certificates:

  • When property owners fail to pay their property taxes, the county can place a lien on the property.
  • Investors can buy these tax liens, paying the overdue taxes on behalf of the property owner.
  • The property owner then has a set period to repay the investor with interest, which can be as high as 18%.
  • If the owner fails to repay, the investor can initiate foreclosure proceedings to gain ownership of the property.

Tax Deeds:

  • In a tax deed sale, the county sells the actual deed to the property at auction.
  • The minimum bid usually includes the back taxes, interest, and any associated costs.
  • Winning bidders acquire the property, often at prices below market value.

Steps to Start in Tuscarawas Tax Sale

1. Research and Understand Local Laws

Understanding the legal framework in Tuscarawas County is crucial. Different locations have key regulations and processes, so you must stay well-informed.

2. Visit the Local Treasurer’s Website

The Tuscarawas County Treasurer’s Office provides essential information on tax lien sales and payment processes.

3. Check the Auction Site

Tuscarawas County sells tax foreclosures every Thursday at 10:00 AM in the lobby of the Sheriff’s Office.

4. Read the Details About Tax Liens or Tax Deeds

Make sure to understand the sale schedule, parcel inquiry, and other critical details provided by the county.

5. Contact the County Office

For any additional inquiries, you can contact the Tuscarawas County Treasurer’s Office or the Sheriff’s Office directly.

  • Treasurer’s Office Contact: 330-365-3254
  • Sheriff’s Office Contact: 330-339-2000
Tuscarawas County Ohio Courthouse

Here’s a quick table summarizing essential information in Tuscarawas County Tax Sale:

DetailDescription
Tax Sale TypeTax Foreclosure Sale
Typical Date of SaleThursdays at 10:00 AM
Bid ProcedurePremium Bid
Redemption PeriodVaries, up to one year
Interest RateUp to 18%
Deposit Requirements$2,000 / $5,000 / $10,000 (depending on the property)
Final PaymentCashier’s or certified check payable to the Sheriff’s Office

Tuscarawas County Ohio Tax Sale Pro Tips

  • Webinar Training: RealAuction offers webinar training for prospective buyers to understand the auction process. You can register by contacting their customer service.
  • Pre-Approval for Loans: It’s a good idea to get pre-approved for loans if you plan to finance your purchase.
  • Property Condition: The Sheriff’s Office and appraisers do not inspect the interior of properties, and they sell them as-is.

FAQs

Q: What happens if the property owner redeems the tax lien?

A: The investor receives their investment back plus interest.

Q: Are the properties always vacant?

A: No, some properties may still be occupied, and the purchaser may need an order of possession to have occupants removed.

Q: Can I inspect the property before buying?

A: Inside inspections are not typically done, and properties are sold as-is.

Q: What if I fail to pay the remaining balance after winning a bid?

A: You could lose your down payment and be held in contempt of court.

Need a Hand?

If you need more guidance on tax lien investing in Tuscarawas County, feel free to reach out. We offer assistance and resources to help you get started. CLICK HERE

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Dustin Hahn

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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!”

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