Investing in Polk County Tax Certificates and Deeds for Awesome Returns
Are you ready to learn how to earn up to 18% returns through Florida’s tax certificate sales?
Polk County is one of the fastest-growing counties in Florida and ranks seventh in the United States. Young families are moving to the area, creating a significant advantage for real estate investors. Polk County’s better quality of life, lower crime rates, reduced traffic, and rich access to art and culture make it an appealing location for owning property through tax deeds.
Understanding Tax Certificates and Tax Deeds
Tax Certificates:
Represent a financial claim against a property due to unpaid taxes.
Not an outright sale of the property.
Investors earn interest on the property’s tax debt.
The bidding process starts with an 18% interest rate and uses a ‘Bid Down’ method.
It is held once a year with a two-year redemption period.
When the property owner doesn’t repay the taxes within two years, the county sends the property to a deed auction.
Tax Deeds:
Public sale of properties with unpaid taxes to the highest bidder.
Direct transfer of property ownership.
There is no redemption period after the auction.
Uses a ‘Premium Bid’ method with a 5% deposit or a $200 minimum.
Steps to Start Tax Lien or Tax Deed Investing in Polk County
Research and Understand Local Laws
Knowing the legal framework is crucial. Polk County has specific regulations for tax sales.
Keep Tabs on Updates: Regularly check online and local tax sale newspaper updates. Sign up for email updates and newsletters to stay ahead of upcoming sales and prime investment opportunities.
Lien Sales Annually Oct – Nov. Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months
10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest.
Redemption Period:
1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period
Online Auction:
Yes
Over the Counter:
No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days
25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year
Redemption Period:
6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties
Online Auction:
The Vast Majority No, but in 2019, Two Counties (Victoria & Orange)
“Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished
Frequency:
Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale.
Interest Rate / Penalty:
N/A
Redemption Period:
N/A
Online Auction:
Very Few
Over the Counter:
Yes Through “Repository” List With County Acceptance
Polk County
Investing in Polk County Tax Certificates and Deeds for Awesome Returns
Are you ready to learn how to earn up to 18% returns through Florida’s tax certificate sales?
Polk County is one of the fastest-growing counties in Florida and ranks seventh in the United States. Young families are moving to the area, creating a significant advantage for real estate investors. Polk County’s better quality of life, lower crime rates, reduced traffic, and rich access to art and culture make it an appealing location for owning property through tax deeds.
Understanding Tax Certificates and Tax Deeds
Tax Certificates:
Tax Deeds:
Steps to Start Tax Lien or Tax Deed Investing in Polk County
Research and Understand Local Laws
Visit the Local Treasurer’s Website
Check the Auction Site
Read the Details
Contact the County Office
Important Details for Polk County
Tax Lien Certificates:
Tax Deed Sales:
Pro Tips
Useful Links
Frequently Asked Questions
Q: What is a tax lien certificate?
A: A tax lien certificate is a claim against a property for unpaid taxes, allowing the investor to earn interest until the debt is paid off.
Q: How often are tax deed auctions held in Polk County?
A: Tax deed auctions are held every month.
Q: What is the interest rate for tax lien certificates in Polk County?
A: The interest rate starts at 18%.
Q: Is there a redemption period for tax deed sales?
A: No, there is no redemption period for tax deed sales.
Q: What is the minimum deposit required for tax deed auctions?
A: A 5% deposit of the bid or a minimum of $200 is required.
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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.