Tarrant County Struck Off Properties: Your Path to Discounts

Thinking about tax deeds as a new investment avenue? Tarrant County, Texas, might be the place for you. From high returns to below-market deals, we’ll show you how to navigate Texas’s tax deed market for solid investment potential.

Investing in tax deeds is a unique opportunity to buy properties at a fraction of their market value. In Tarrant County, Texas, the hybrid system combines features of both tax liens and tax deeds, offering a distinct set of benefits for investors.

Understanding Tax Deeds in Tarrant County

Texas Redeemable Deed System:

• How It Works: When you buy a tax deed in Tarrant County, you get the deed to the property. However, the original owner has a 180-day redemption period to repay and reclaim their property.
• Investor Returns: If the original owner redeems the property, they must pay a 25% penalty on top of the owed amount. This penalty ensures a significant return on your investment within six months.

Example:

• Initial Investment: $500
• Redemption Payment: $625 (Original amount + 25% penalty)
• Profit: $125

Steps to Start Tax Deed Investing in Tarrant County

Research and Understand Local Laws:

• Know the legal framework in Tarrant County.

• Key regulations to consider include redemption periods and penalty rates.

Visit the Local Treasurer’s Website:

• Find tax deed information on the Tarrant County website.

Check the Auction Site:

• Auctions are held at the Tarrant County 1895 Courthouse, 100 W. Weatherford St., Fort Worth, Texas.

Read the Details about Tax Deeds:

• Understand the sale schedule and parcel inquiries.

Contact the County Office:

• Reach out for additional inquiries and specific requirements.

Tarrant County Redeemable Tax Deed Sale Details

• Tax Sale Type: Tax Deed Sale
• Typical Sale Date: 1st Tuesday of each month
• Redemption Period: 180 days
• Penalty: 25%-50%
• Bid Procedure: Premium Bid
• Deposit: Exact funds required within one hour after the sale
• Contact Information: County Constable

Pro Tips

Redemption Periods:

• Homesteads or agricultural lands have a redemption period of up to 2 years.

• Higher interest rates apply if the owner redeems later.

Pre-Bid Preparations:

• Obtain bidder authorization sheets and bring cash or cashier’s checks for exact amounts.

Attractions and Economic Highlights of Tarrant County

Popular Attractions:

• Over 11,000 acres of parks and natural spaces.
• Rich cultural heritage and historic sites.

Transportation Infrastructure:

• Extensive road networks, rail services, and proximity to airports.

Economic Development:

• Diverse sectors, including agriculture, aerospace, and manufacturing.

Community Appeal:

• Vibrant urban centers with numerous recreational and entertainment options.

FAQs

Q1: What is a tax deed?

A tax deed gives the purchaser ownership of a property, subject to a redemption period during which the original owner can reclaim it by paying the owed taxes plus a penalty.

Q2: How long is the redemption period in Tarrant County?

The redemption period is 180 days, but it can extend up to 2 years for homesteads or agricultural properties.

Q3: What happens if the property owner redeems the property?

The property owner must pay a 25% penalty on top of the owed amount, which is paid to the investor.

Q4: Where are the auctions held?

Auctions are held at the Tarrant County 1895 Courthouse in Fort Worth, Texas.

Useful Links

• County Tax Deed Information
• Tarrant County Constable
• Tarrant County Official Website
• Auction Site Information

Need a Hand?

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