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Trimble County sits along the Ohio River in north central Kentucky. It is a smal
Gallatin County sits in northern Kentucky along the Ohio River. Its county seat
Crittenden County is a small western Kentucky county with Marion as the county s
McLean County sits in western Kentucky along the Green River. Calhoun is the cou
Clinton County sits in southern Kentucky, with Albany as the county seat. Its ta
McCreary County sits in southeastern Kentucky and uses the Kentucky certificate
Chaves County, New Mexico Tax Deed Auctions For Investors Introduction to Chaves
McKinley County sits in the high desert of northwestern New Mexico. Gallup is th
Otero County sits in south central New Mexico with Alamogordo as the county seat
Lea County sits in the southeast corner of New Mexico near the Texas line. The c
Valencia County sits just south of Albuquerque in central New Mexico. It blends
San Juan County sits in the northwest corner of New Mexico, with Aztec as the co
Santa Fe County sits in north central New Mexico and includes the state capital
Sandoval County sits northwest of Albuquerque and includes communities like Rio
Perry County sits in eastern Kentucky with a mix of hills, small towns, and rura
Lyon County sits in western Kentucky and uses the same basic delinquent property
Leslie County sits in eastern Kentucky, with Hyden as the county seat. It is a s
Martin County sits in eastern Kentucky, with Inez as the county seat. The county
Metcalfe County sits in south central Kentucky with Edmonton as the county seat.
Magoffin County sits in eastern Kentucky, with Salyersville as the county seat.
| Type: | Redeemable Deed |
| Bidding Process: | Premium |
| Frequency: | Yearly – Varies County by County |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | 1 Year With 1% Monthly Interest |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Hawaii Const Art 8 Sec 3 Ch 246 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Random Selection |
| Frequency: | Annually in Jul – Sep |
| Interest Rate / Penalty: | 15% + 3% Penalty |
| Redemption Period: | 4 Years |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Wyoming Statutes Title 39 Chapter 13 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Premium |
| Frequency: | Varies Based on Supply |
| Interest Rate / Penalty: | 12% |
| Redemption Period: | 1 Year |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Vermont Statutes Title 32 Ch 133-9 |
| Notes: | Overbid Does Not Get Returned and Does Not Earn Interest. However, Tax Sales Are Very Rare in Vermont |
| Type: | Tax Lien Certificate |
| Bidding Process: | Premium |
| Frequency: | 3rd Monday Yearly in Dec |
| Interest Rate / Penalty: | 12% |
| Redemption Period: | 3 Years + 60 Days |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | South Dakota Statutes Title 10 Chapter 20 |
| Notes: | Tax Lien Sales Are Not Common in SD |
| Type: | Tax Lien Certificate |
| Bidding Process: | Premium |
| Frequency: | Varies |
| Interest Rate / Penalty: | 12% |
| Redemption Period: | 1 Year |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Rhode Island Code Chapter 44-9-1 |
| Notes: | Sales Handled by Municipality, Not County |
| Type: | Tax Lien Certificate |
| Bidding Process: | Bid Down the Interest Rate + Premium |
| Frequency: | Annually Throughout the Year |
| Interest Rate / Penalty: | 18% + 2%-6% Penalty and 8% – 18% on Subs Depending on the Amount |
| Redemption Period: | 2 Years |
| Online Auction: | Some |
| Over the Counter: | Yes |
| Statute: | New Jersey Statutes Title 54 Ch 5 |
| Type: | N/A |
| Bidding Process: | N/A |
| Frequency: | N/A |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | N/A |
| Over the Counter: | N/A |
| Statute: | 2016 New Hampshire Rev Stat 5-80 |
| Type: | Tax Lien Certificate |
| Bidding Process: | “Rotational” Bidding System |
| Frequency: | Annually in March |
| Interest Rate / Penalty: | 14% |
| Redemption Period: | 3 Years |
| Online Auction: | Only Douglas County |
| Over the Counter: | Yes |
| Statute: | Nebraska Statue 77-1801 |
| Type: | Tax Lien Certificate |
| Bidding Process: | By Assignment via First Come First Serve Basis With Legal Requirements by Investor |
| Frequency: | Annually in July |
| Interest Rate / Penalty: | 10% + 2% Penalty |
| Redemption Period: | 3 Years |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Montana Code Ann 2015 Sec 15-16-301 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Premium “Overbid” |
| Frequency: | Annually in Aug |
| Interest Rate / Penalty: | 10% With 8% on Subsequent Years |
| Redemption Period: | 1 Year |
| Online Auction: | Few |
| Over the Counter: | No |
| Statute: | Missouri General Assembly Ch 140 |
| Notes: | Must Be a State Resident to Bid at Lien Sales. City of St Louis and Jackson County Use Different Process (Tax Deeds) |
| Type: | Tax Lien Certificate |
| Bidding Process: | Premium “Overbid” |
| Frequency: | Annually, Apr or Aug |
| Interest Rate / Penalty: | 18% |
| Redemption Period: | 2 Years |
| Online Auction: | Some |
| Over the Counter: | No |
| Statute: | Mississippi Code Sec 27-41-49 to 27-41-89 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Varies by County |
| Frequency: | Annually in May – June |
| Interest Rate / Penalty: | Varies by County. Anywhere Between 8% – 20% |
| Redemption Period: | 6 Months |
| Online Auction: | Some |
| Over the Counter: | |
| Statute: | General Assembly of Maryland 14-833 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Ownership Interest Bid Down |
| Frequency: | Yearly in May-June; Deeds: Monthly |
| Interest Rate / Penalty: | 12% + 5% Penalty |
| Redemption Period: | 3 Years |
| Online Auction: | Yes |
| Over the Counter: | No |
| Statute: | Louisiana Revised Statute 47-2157 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Sealed Bid First Come First Serve Basis but Must Be Present |
| Frequency: | Annually – Varies Throughout Year |
| Interest Rate / Penalty: | 12% |
| Redemption Period: | 1 Year |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Kentucky Rev Statute Ch 134 Art 420 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Random Selection Process in Lieu of Bid Down Ownership Interest |
| Frequency: | Annually 3rd Monday of June |
| Interest Rate / Penalty: | 24% |
| Redemption Period: | 2 Years |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Iowa Code Chapter 446 |
| Type: | Tax Lien Certificate |
| Bidding Process: | “Overbid” (Premium) |
| Frequency: | Annually Sometime in the Fall |
| Interest Rate / Penalty: | 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 |
| Statute: | Indiana Code 6-1.1-25 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Bid Down the Interest Rate |
| Frequency: | Annually – Varies Throughout Year |
| Interest Rate / Penalty: | 36% |
| Redemption Period: | 2 to 2 1/2 Years Depending on Classification of Property |
| Online Auction: | No |
| Over the Counter: | |
| Statute: | 35 ILCS 200/21 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Premium |
| Frequency: | Annually in Fall |
| Interest Rate / Penalty: | 9 Points Above Federal Discount Rate (Prime) |
| Redemption Period: | 3 Years |
| Online Auction: | Yes |
| Over the Counter: | Yes |
| Statute: | Colorado Revised Statutes 39-1-102 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Bid Down the Interest Rate |
| Frequency: | Annually in February |
| Interest Rate / Penalty: | 16% |
| Redemption Period: | 3 Years |
| Online Auction: | Yes – Not All Counties. Various Sites. Largest County Is Maricopa County |
| Over the Counter: | Yes – Liens Only |
| Statute: | Arizona Statute Title 42, Ch 18, Art 3 |
| Type: | Tax Lien Certificate |
| Bidding Process: | Premium |
| Frequency: | Annually In Apr-May-Jun |
| Interest Rate / Penalty: | 12% |
| Redemption Period: | 3 Years |
| Online Auction: | No |
| Over the Counter: | Yes |
| Statute: | Code of Alabama 1975, Sec 40, Ch 10 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Varies as Needed |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Wisconsin State Statutes Sec 75.69 |
| Type: | Hybrid – Both |
| Bidding Process: | Premium |
| Frequency: | 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 |
| Interest Rate / Penalty: | 12% on Liens |
| Redemption Period: | 18 Months on Liens |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | West Virginia Code 11a Article 3 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually Later in the Year |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | Many |
| Over the Counter: | No |
| Statute: | Washington State RCW 84.64 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually – Varies Throughout Year |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Code of Virginia 58.1-3965 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually in May |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | No |
| Type: | Redeemable Deed |
| Bidding Process: | Premium |
| Frequency: | Vary Throughout the Year |
| Interest Rate / Penalty: | 12% |
| Redemption Period: | Up to 1 Year |
| Online Auction: | Very Few |
| Over the Counter: | Some Counties Yes, Others Do “Surplus Property Sales” After Redemption Period |
| Type: | Redeemable Deed |
| Bidding Process: | Premium |
| Frequency: | Annually in Fall |
| Interest Rate / Penalty: | 3% Per Quarter Capped at 12% Annually |
| Redemption Period: | 1 Year |
| Online Auction: | No |
| Over the Counter: | No |
| Type: | Tax Deed |
| Bidding Process: | “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 |
| Statute: | Pennsylvania Statutes Title 72-5860 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually in Spring or Summer |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Oregon Statutes Chapter 312 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually in June |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | Yes but County by County |
| Statute: | Oklahoma Statutes Title 68, Sec 3000 |
| Type: | Hybrid – Both |
| Bidding Process: | Premium on Deeds |
| Frequency: | Annually Throughout the Year |
| Interest Rate / Penalty: | 18% With Bid Down |
| Redemption Period: | 1 Year on Liens but Not Targeted for Individual Buyers |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Ohio Revised Code Section 5721.30 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually on the Third Tues in Nov |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | Yes, on County Basis |
| Type: | Tax Deed |
| Bidding Process: | Multiple Step Process. 1) Tax Foreclosure Sale With Premium Bidding but 10-day “Upset Bid” Period. Then Subsequent Sale, Then Surplus |
| Frequency: | Annually – Varies Throughout Year |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | Yes – “Surplus” |
| Statute: | North Carolina General Statutes 105-374 |
| Type: | Hybrid – Both |
| Bidding Process: | Premium on Deeds |
| Frequency: | Annually – Varies Throughout Year |
| Interest Rate / Penalty: | 20% on Liens With Bid Down |
| Redemption Period: | N/A |
| Online Auction: | Yes |
| Over the Counter: | No |
| Statute: | New York Real Property Tax Law Art 11 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually Throughout the Year |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | New Mexico Statutes Chapter 7 Article 38 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually – Varies Throughout Year |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | Only Pershing County |
| Over the Counter: | No |
| Statute: | Nevada Revised Statute 361.585 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Varies on as Needed Basis |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | Yes |
| Statute: | 2016 Minnesota Statutes Chapter 282 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually, Between July and Nov |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | Yes |
| Over the Counter: | Yes, “Surplus” |
| Statute: | Michigan General Property Tax Public Act 206 of 1983 |
| Type: | Tax Liens and Deeds |
| Bidding Process: | Varies by Municipality |
| Frequency: | Varies |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | 6 Months |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Mass Gen Laws Part 1 Title 9 Ch 60 |
| Type: | Tax Deed |
| Bidding Process: | Oral or Sealed Bid – Premium |
| Frequency: | Varies |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Maine Revised Statute Title 36 Part 2 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Varies by County & as Needed Depending on Number of Properties |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Kansas Statute Article 21 Ch 79-2101 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually in May or Varied Based on Number of Properties |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | Only a Few Counties |
| Statute: | Idaho Code Sec 63-100 to 63-101 |
| Type: | Redeemable Deed |
| Bidding Process: | Premium |
| Frequency: | Monthly on First Tuesday on the Month in Most Counties |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | 1 Year With 20% Penalty + 10% for Each Subsequent Year Until Foreclosure Is Filed |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Georgia Code Title 48 Ch 4 Article 1 |
| Type: | Hybrid – Both |
| Bidding Process: | Liens – Bid Down the Interest Rate. Deed – Premium |
| Frequency: | Throughout the Year Per County Discretion |
| Interest Rate / Penalty: | 18% |
| Redemption Period: | 2 Years |
| Online Auction: | Yes |
| Over the Counter: | Yes |
| Statute: | Florida Statutes Chapter 197 |
| Type: | “Monition Sales” (Redeemable Deed) |
| Bidding Process: | Premium |
| Frequency: | Quarterly or Monthly Based on the County |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | 1 Year With 20% Interest or 60 Days With 15% Penalty, Determined by County |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Delaware Statue Title 9 Ch 87 |
| Type: | Hybrid – Liens & Redeemable Deeds |
| Bidding Process: | Premium |
| Frequency: | Annually – Varies Throughout Year |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | 1 Year With 18% Penalty |
| Online Auction: | No |
| Over the Counter: | No |
| Statute: | Connecticut Gen Stat Title 12 Ch 204 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually – Varies Throughout Year |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | No but They Can Challenge Validity of Sale for 1 Year |
| Online Auction: | Yes – Most Counties |
| Over the Counter: | No – ‘ReOffer Sales’ Though |
| Statute: | Ca. Rev & Taxation Code Div 1 Part 6 |
| Type: | Tax Deed |
| Bidding Process: | First Come, First Serve Basis via Sealed Bid |
| Frequency: | Varies by Burrough Preferences |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | N/A |
| Online Auction: | No |
| Over the Counter: | Yes |
| Statute: | Alaska Statutes 29.45 Sec 320 |
| Type: | Tax Deed |
| Bidding Process: | Premium |
| Frequency: | Annually Typically During Summer Months |
| Interest Rate / Penalty: | N/A |
| Redemption Period: | 30 Day Redemption Period & 90 Day Litigation Period |
| Online Auction: | No |
| Over the Counter: | Yes |
| Statute: | Arkansas Code Sec 26-37-101 |
| Type: | Redeemable Deed |
| Bidding Process: | Premium |
| Frequency: | Monthly on the First Tuesday of the Month |
| Interest Rate / Penalty: | 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) |
| Over the Counter: | Sealed Bid for “Struck Off” Properties |
| Statute: | Texas Tax Code 1-E-24A |
Prairie County
Prairie County, Arkansas Tax Sale Guide: What Investors Should Know
If you’re interested in tax deed investing in central Arkansas, Prairie County is a great place to look. It’s a quiet area in the Arkansas Delta with about 8,282 residents. Each year, they hold public auctions for properties with unpaid taxes. Unlike many states, Arkansas sells the actual property title, not just a lien. If a property doesn’t sell at the live auction, you can find it online later.
This guide will share important dates, auction details, and tips for investors, along with fun facts about the county. Remember to do your research before getting started!
Brief Overview of Prairie County’s Tax Deed Sales
Prairie County takes part in tax deed auctions run by the Arkansas Commissioner of State Lands (COSL). These live auctions usually happen from July to October every year. Sometimes, several counties join together for one big auction.
In 2024, the Prairie County auction, along with Arkansas and Lonoke Counties, happened on September 24 at the Lonoke Community Center and you can register on-site starting at 9 a.m.
Quick Facts and Typical Procedures
Prairie County’s Unique Features for Tax Deed Investing
Prairie County is a special place for tax deed investing. It’s known for its farming, especially rice, and has a small population of around 8,000 people. The county is about 676 square miles big. You can find two main towns here, Des Arc and De Valls Bluff. Major roads like Interstate 40 make it easy to travel to bigger cities like Little Rock and Memphis.
For investors, the small number of people and lots of farms mean there’s less competition and low starting prices for land. You can find different types of land, including farmland and empty lots in small towns.
Prairie County has some fun facts. It was created in 1846 and named after the Grand Prairie. It has two county seats, and there’s a rare tree called Stern’s medlar found here. The county also has areas for wildlife, making it great for hunting and bird-watching.
Visitors can enjoy parks, museums, and nature, like the Cache River, which is great for fishing and looking at birds. The county’s economy is mostly farming, with lots of rice, soybeans, and fish farming. It attracts tourists in the winter for hunting.
People living here love outdoor activities like fishing and canoeing. Events like Steamboat Days celebrate the local history. Overall, Prairie County is a peaceful place to live near big cities while enjoying nature.
Why Prairie County Is Ideal for Tax Deed Investors
High Returns With Lower Competition
Prairie County’s auctions usually have only a few pieces of land up for sale. In 2025, there were three, and just two sold, meaning less competition for buyers. Bids often start under a thousand dollars.
Buying rural land or small town lots can be smart. Once the title is clear, their value can rise a lot. It’s a solid investment that can bring good profits without high costs to keep.
Straightforward Auction Process
Prairie County uses a special system for taxes on properties. In Arkansas, it’s different from states where people wait a long time to earn interest. Here, when someone bids on a property at an auction, they get the deed right away. This means they can start using the property after a short wait of 90 days. There isn’t an interest rate because buyers are getting the property itself, not just a chance to earn money from it.
The live auction process works as follows:
Maximum Potential Returns
Returns from farmland can vary a lot. Investors can do different things with the land. They might sell the farmland, rent it out for hunting, or build homes on it. Once the land is sold, it can’t be returned. This helps investors because they don’t have to wait for the previous owners to reclaim it. Instead, they can jump right in as soon as the legal waiting time is over.
Some investors buy land for much less than what it is worth. Then, they can sell it to farmers or people looking for fun outdoor spots at a much higher price. This can make them a good profit.
Open to All Investors
COSL allows both Arkansas residents and out‑of‑state bidders to participate. However, foreign investors whose “home of record is outside the United States” cannot bid at Arkansas tax auctions Aside from that restriction, the auction is open to individuals, corporations and other entities.
Understanding the Prairie County Tax Deed Sale Process
How the Auction Works
When properties owe taxes, they are sold by the state. COSL informs owners and lienholders about the sale. If you want to bid, check the catalog for details on the property.
On auction day, register at 9 a.m. to get your bid card. The auctioneer will share each property’s details and minimum bid. You usually bid in increments of $25 or $50.
If you win, pay the full amount right away and get a receipt. After payment, a limited warranty deed is recorded to show you own the property.
Expected Returns on Prairie County Tax Deeds
Because there is no interest rate, returns come from capital appreciation or income generation. Investors may hold farmland and rent it out, sell timber, or lease hunting rights. Residential lots in towns like Des Arc or Hazen may appeal to local builders. Due to the county’s small population, property values are generally lower than metropolitan areas but can rise as development spreads east from Little Rock.
Foreign Investor Participation
Arkansas law prohibits sales to individuals or entities whose home of record is outside the United States. International investors must establish a U.S. address and identification to participate. U.S.-based investors, including LLCs and trusts, may bid with appropriate documentation.
Importance of Due Diligence
What Due Diligence Entails
Risks of Skipping Due Diligence
Buying unseen property can lead to unpleasant surprises: inaccessibility, environmental issues, or existing structures that need demolition. Failure to research liens may leave investors responsible for debt not wiped out by the tax sale. Always read the Buyers Guide and Rules and Regulations posted on COSL’s website before bidding.
Buying Over‑the‑Counter (OTC) Deeds in Prairie County
How to Purchase OTC Deeds
Parcels that do not sell at the live auction are listed on COSL’s post‑auction sales list 30 days later. Buyers can browse auction.cosl.org and bid online. The first $100 of each successful bid is charged immediately to your credit/debit card, with the balance due within ten business days. If the full payment is not received in time, the sale is cancelled and the $100 earnest money is forfeited.
Benefits of OTC Purchases
Buying unsold parcels online eliminates bidding competition and allows investors to research at their own pace. The reserve bid remains the amount of taxes and fees owed. This approach can yield bargains on rural acreage or town lots that others overlooked.
Why Prairie County Is a Top Choice for Tax Deed Investors
Economic and Tax Advantages
Prairie County has a lot of farms and not many people. This makes property prices low and means there are fewer people trying to buy land. In Arkansas, property taxes are easy on the wallet. When you buy a tax deed, you get full ownership after a waiting period. Investors can relax because they don’t have to worry about rising interest rates or tricky bidding steps. Plus, once the sale is done, there’s no chance for others to claim the property back. This makes owning land clear and safe.
Real Estate Market Overview
The county’s real estate market mainly has farmland, woods, and simple homes. Prices might not go up as fast as in big cities. However, renting out farmland or selling rights can bring in steady money. As nearby towns get bigger, more people may want to buy land for fun or to build homes in the countryside.
Conclusion
Prairie County has tax deed auctions that give investors a chance to buy land at low prices. These auctions can happen in the middle of the year at the Lonoke Community Center. They start at 10 a.m., and you can sign up from 9 a.m. Make sure to remember that you need to pay for the land by 4 p.m. the day before the auction. Once the auction happens, you can’t get your money back.
It’s really important to do your homework before buying land. Check property records and visit the land if you can. Also, set aside money for any legal processes you might need to handle afterward. If you do your research, buying at Prairie County’s tax deed sales can be a smart way to invest. You might get good returns without taking on too much risk.
Pro Tips for Prairie County Tax Sales
Frequently Asked Questions
Q: Do I need to register ahead of time?
A: No. You register on site the morning of the sale. You’ll need a valid photo ID to get a bidder card.
Q: Is there a redemption period after I buy?
A: No. Since July 2023, all redemptions must be made by 4:00 p.m. the business day before the auction. Once the auction ends and you pay, the sale is final.
Q: How does bidding work?
A: The auctioneer calls parcels in order. Bidding starts at the total back taxes, penalties, and fees. The highest bid wins.
Q: How do I pay if I win?
A: You must pay the full amount immediately after the auction. No cash is accepted. Payment can be made by check, cashier’s check, money order, or credit/debit card.
Q: Is a deposit required?
A: Not at live auctions. But online post-auction sales require a $100 earnest money deposit on a card at the time of bidding.
Q: What deed will I receive?
A: Buyers receive a limited warranty deed, which transfers the state’s interest in the property. It may not clear all title issues.
Q: Do I need to quiet the title?
A: Yes, in most cases. To get clear, marketable title or title insurance, you may need to file a quiet title action in court.
Q: Is there a litigation period?
A: Yes. There is a 90-day period after the deed is issued when sales can be challenged.
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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!”