Peoria County Tax Lien Sale: Unleashing a 54% ROI

Ready to boost your investment returns? The Peoria County Tax Lien Sale offers an impressive opportunity with a potential 54% return on investment (ROI). Here’s everything you need to know to get started with tax lien investing in Peoria County, Illinois.

Understanding Tax Lien Certificates

Tax Lien Certificates:

• When property owners fail to pay their property taxes, the county can sell tax lien certificates to investors. These certificates represent a claim on the unpaid taxes plus interest.
• Investors purchase these certificates at a public auction, bidding on the interest rate they’ll accept for the delinquent taxes. The maximum bid rate in Peoria County is 9%, with the lowest bid winning.

Potential Returns:

• If the property owner redeems (pays back the taxes owed), the investor receives their initial investment plus interest.
• If the property owner does not redeem within the redemption period (up to three years in Peoria County), the investor can initiate foreclosure proceedings to obtain the property deed.

Steps to Start Tax Lien Investing

Research and Understand Local Laws

Understanding the legal framework is crucial. Familiarize yourself with Illinois state laws and Peoria County regulations regarding tax lien sales.

Visit the Local Treasurer’s Website

Get the latest tax sale information from the Peoria County Treasurer’s Office.

Check the Auction Site

Peoria County holds its tax lien auctions at the County Courthouse. Visit the Delinquent Tax Information page for auction details.

Read the Details About Tax Liens

Make sure you understand the sale schedule, parcel inquiry, and other essential details listed on the Property Tax Inquiry page.

Contact the County Office

For additional inquiries, reach out to the Peoria County Treasurer’s Office at (309) 672-6065 or email [email protected].

Important Details

Detail	Information
Tax Sale Type	Tax Lien
Typical Sale Date	November
Redemption Period	Two years, extendable up to three years
Interest Rate	9% per six-month period
Bid Procedure	Bid down (lowest interest rate wins)
Deposit	$500 registration deposit
Auction Site	Peoria County Courthouse, 4th floor, County Boardroom
Registration Deadline	Ten business days before the sale
Forms Required	Registration form and Single Bidder Rule affidavit

Pro Tips

• Inspect Properties: Ensure you inspect the properties before bidding to avoid unwanted surprises.
• Understand Redemption: Know that the redemption period can extend up to three years, and interest accrues every six months.
• Legal Advice: Consider hiring an attorney experienced in tax deed procedures for smooth processing.

FAQs

What is a tax lien sale? A tax lien sale occurs when a county sells a lien on a property due to unpaid taxes. Investors buy these liens and earn interest until the owner redeems the taxes.

How long is the redemption period? In Peoria County, the redemption period is two years from the tax sale date, extendable up to three years.

What happens if the taxes are not redeemed? If the taxes are not redeemed within the redemption period, the investor can petition the court to obtain the property deed.

Useful Links

• Peoria County Treasurer’s Office
• Delinquent Tax Information
• Tax Sale Forms
• Property Tax Inquiry
• 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 more help with tax lien investing, feel free to book a call or access our free resources. Engage with us through comments for any questions or additional support.

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