Tax Deed Investing in Cobb County, Georgia

Investing in tax deeds in Cobb County, Georgia, can be a lucrative opportunity for savvy investors. With potential high returns and a relatively low entry cost, tax deed sales offer a unique way to acquire property. This guide will provide a comprehensive overview of tax deed investing in Cobb County, from understanding the process to navigating post-auction steps.

What’s Tax Deed Investing All About?

Tax deed investing is when you buy properties that owners have failed to pay taxes on. When you purchase a tax deed, you’re essentially paying the overdue taxes, and in return, you get the deed to the property. Sounds interesting, right? It’s potentially a fantastic way to potentially grab properties at a fraction of their market value.

Steps to Start Tax Deed Investing

Research Local Laws

• It’s super important to understand the local laws. Cobb County follows the Official Code of Georgia Annotated (O.C.G.A.) 48-3 and 48-4. These sections cover everything you need to know about tax sales and executions.

Visit the Local Treasurer’s Website

• The Cobb County Tax Commissioner’s website is your go-to resource. They have all the information about tax sales, including the dates, lists of properties, and legal requirements. Check it out here​.

Check the Auction Site

• Tax sales in Cobb County are held at the Superior Courthouse at Flournoy Park. Make sure to get there early to register and get your bidder ID card​.

Read Up on Tax Deeds

• About four weeks before the auction, the tax sale lists are published in the Marietta Daily Journal and on the Cobb County website. This is your window to do some serious research on the properties up for sale.

Contact the County Office

• If you have any questions or need more info, the Cobb County Tax Commissioner’s Office is there to help.

Important Details for Cobb County Tax Sale

Detail	Information
Tax Sale Type	Tax Deed
Typical Date of Sale	First Tuesday of the month (in designated months)
Redemption Period	1 year
Interest Rate	20% for the first year, 10% for each subsequent year
Bid Procedure	Premium Bid
Payment Methods	Cash or Certified Check
Auction Site	Superior Courthouse at Flournoy Park
Registration	Pre-registration is available; one must be present to bid
Contact	Cobb County Tax Commissioner
Tax Sale List	Marietta Tax Sale Listing

Pro Tips

• Do Your Homework: Make sure to thoroughly research the properties on the tax sale list. Check for other liens, property conditions, and market values.

• Redemption Period: Remember, the original owner can redeem the property within one year by paying back the bid amount plus any taxes, assessments, and premiums.

• Foreclosure: If the property owner doesn’t redeem it within the year, you must foreclose on their right to reclaim it to gain full ownership. This involves sending certified notices and publishing the foreclosure in the local newspaper for four consecutive weeks​.

Fun Facts About Cobb County

Popular Attractions: Cobb County is home to major sports venues, concert halls, and parks. You can catch a game at Truist Park or enjoy a show at the Cobb Energy Performing Arts Centre.

Getting Around: The county has excellent transportation options, including highways and rail systems, and it’s close to Hartsfield-Jackson Atlanta International Airport.

Economy: The local economy is thriving, with sectors like healthcare, technology, and manufacturing leading the way.

Community Life: Whether you enjoy outdoor activities, historical sites, or a vibrant cultural scene, Cobb County has something for everyone.

Frequently Asked Questions (FAQs)

What is a tax deed?

• A tax deed gives you ownership of a property bought at a tax sale, subject to the right of redemption.

How long is the redemption period in Cobb County?

• The redemption period is 12 months from the date of the tax sale.

What happens if the property is not redeemed?

• If the property owner doesn’t redeem it within the year, you can take action to foreclose and secure full ownership.

Where can I find the list of properties for upcoming tax sales?

• You can find the list on the Cobb County Tax Commissioner’s website and in the Marietta Daily Journal.

What payment methods are accepted at the auction?

• Payments must be made in cash or by certified check.

Need Help? If you need more guidance on tax lien investing or have any questions, feel free to reach out. You can also book a consultation through our website for personalized assistance and access to more resources.

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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