From 9% to 0%: Jackson County’s Bid-Down Tax Lien Strategy

Ready to Invest in Community Growth? Join the Jackson County Tax Lien Sale and Reap the Benefits of Your Investment! Jackson County, Illinois, offers an annual Tax Lien Sale, giving investors an opportunity to earn returns by purchasing delinquent property taxes. This process not only benefits the investors but also supports the community by ensuring tax revenues are collected.

Understanding the Process

In Jackson County, the annual tax lien sale allows investors to bid on delinquent property taxes, not the properties themselves. The bidding starts at an interest rate of 9% and can go down to 0%. If you win the bid, you pay the owed taxes for that year. When the property owner pays back these taxes, you’ll receive the amount you paid plus the interest rate you bid. If the owner doesn’t repay within 30 months, you can petition the court for a tax deed, potentially acquiring the property at a fraction of its market value.

Key Details and Links

Steps to Participate

1. Understand Local Laws: Research the legal framework around tax lien sales in Jackson County to ensure you are familiar with the rules and regulations.
2. Visit the Local Treasurer’s Website: Check the County Treasurer’s Office for information on tax lien sales and other related details.
3. Check the Auction Site: Visit the County Auction Site to view upcoming auctions and register to bid.
4. Read the Auction Details: Understanding the sale schedule, parcel details, and auction rules is crucial.
5. Contact the County Office: For any additional inquiries, contact the Treasurer’s Office at 618-687-7350.

Pro Tips

Start Small: Begin with a few properties to understand the process better.

Do Your Homework: Research the properties and the area thoroughly before bidding.

Stay Informed: Regularly check the county’s website and auction site for updates and new opportunities.

FAQs

Q: What is the interest rate range for Jackson County tax lien sales?

A: The interest rate ranges from 0% to 9% per year, with investors bidding down the rate.

Q: How long is the redemption period?

A: The redemption period in Jackson County is 30 months.

Q: What happens if the property owner does not redeem the taxes?

A: If the property owner does not redeem the taxes within 30 months, the tax buyer can request a tax deed for the property.

Useful Links

• County Treasurer’s Office
• County Delinquent Tax Properties
• County Auction Site
• Jackson County Official Website
• How to Profit from Illinois’s Tax Lien Sales
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Is Illinois the best place to profit from tax lien certificates?

Need a Hand?

If you need assistance or have any questions about tax lien investing, feel free to contact the Jackson County Treasurer’s Office or check out the provided links for more detailed information. You can also book a call for personalized guidance or access our free 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