A Stable 8% Return! – Limestone County – Alabama Tax Lien Investing

Every May, Limestone County, Alabama, offers an intriguing investment opportunity with a solid 8% interest rate through its Tax Sale.

How It Works

1. Arrive early, register without any fee before 10 AM, and prepare for a public outcry auction that kicks off at 10 AM. This is an in-person event, so your presence is essential for participation.
2. The highest bidder wins the property interest, but here’s the twist: you’re actually buying a tax lien, not the property itself. Payment methods are simple—cash or cashier’s check, due by 4 PM on the day of the sale.
3. After purchasing, you receive a receipt immediately and a certificate of purchase within ten business days. However, it’s important to note this certificate does not equate to a tax deed. The original property owners have a three-year window to redeem their property. If they do, you get back your principal amount plus interest at an annual rate of 8%.
4. If the property remains unredeemed after three years, you can take further action to acquire it.
5. Unpurchased properties revert to the state, and if you’re interested in these, you’ll need to contact the State Department of Revenue.

Important Details

Detail	Information
Tax Sale Type	Tax Lien Sale
Typical Date of Sale	May
Bid Procedure	Premium bid
Redemption Period	3 years
Interest Rate	8%
Sale Contact	Revenue Commission – Limestone County, Alabama
Auction Site	Limestone County Courthouse
County Website	Limestone County Homepage
Tax Lien Information	Limestone County Revenue Office
Registration Details	Register the morning of the sale before 10:00 AM. No fee
Payment Details	Cash or cashier’s check by 4:00 PM on the day of the sale
Additional Information	Properties are advertised in the local newspaper prior to the sale. The Highest bidder wins the lien.

Interesting Facts

Limestone County offers a unique investment opportunity to acquire properties at a low cost. This type of investment can potentially yield higher returns compared to traditional investments. The county’s tax lien sale is an excellent way for savvy investors to diversify their portfolios while contributing to the local government’s tax collection process.

Useful Links

• Limestone County Revenue Commission
• Auction Site Location: Limestone County Courthouse
• Limestone County Homepage
• How to Earn up to 12% Interest from Alabama’s Tax Lien Sales
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Discover how to secure affordable properties through Alabama tax liens

FAQs

1. How do I sign up for the tax lien sale?
   
   Register the morning of the sale before 10:00 AM. No fee is required.
2. When is the sale?
   
   The sale is typically held in May. The exact date is the last Tuesday in May.
3. What is the interest rate?
   
   The interest rate is 8% per year.
4. How does redemption work?
   
   The owner has three years to redeem the property. If they do, you receive your principal plus 8% interest.
5. How do I pay if I win a bid?
   
   Payment must be made by cash or cashier’s check by 4:00 PM on the day of the sale.

Need a Hand?

For assistance and guidance with tax lien investing, feel free to reach out by booking a call for more personalized help. You can also check out our free resources or guidance.

By participating in the Limestone County tax lien sale, you can enjoy a stable 8% return on your real estate investment. Happy investing!

Visit the Alabama Department of Revenue or the Bid4Assets for more detailed information

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