Crack the Code to 54% Returns: Vermilion County’s Tax Sale

Discover the foolproof way to achieve an impressive 54% return on investment through Vermilion County’s tax sale.

Here is how you can make a 54% return on your investment in Vermilion County, Illinois. The county holds an annual tax auction for unpaid property taxes. By paying someone’s overdue taxes, the property owner must repay you with interest to redeem their property. In Vermilion, you can earn up to 9% every six weeks for three years.

Vermilion County, established in 1826 and home to the city of Danville, is a historic region in Illinois. At the county’s lien sale, bidding starts at 9%. The winning bid is the lowest offered for the tax sale certificate.

Tax buyers are required to register and put in a $500 deposit. Post-sale, there’s a 2-and-a-half-year redemption period for property owners. After this period, investors can petition for a tax deed, potentially claiming property ownership.

In addition to the lien sale, Vermilion County holds a Surplus Property Auction. You can buy properties just for taxes and fees for a fraction of their market value.

Important Details

Additional Information

The annual Tax Sale will be held in November in the Joseph G. Cannon Building on the 2nd floor in the County Board Meeting Chambers. Interested buyers must complete the Certificate of Registration and return it to the Treasurer’s office. There is a $500 refundable deposit required to register, along with a $100 fee for an electronic file in Excel format​.

Interesting Facts about Real Estate in Vermilion County

Vermilion County, in eastern Illinois, was established in 1826 and is part of the Danville, IL Micropolitan Statistical Area, as well as the larger Champaign–Urbana–Danville Combined Statistical Area. According to the 2020 census, it had a population of 74,188 and contains 21 incorporated settlements; the county seat and largest city is Danville.

Investing in Vermilion County’s tax lien and surplus property auctions offers a pathway to significant financial gains, blending strategic investment with potential property acquisition.

Frequently Asked Questions (FAQs)

Q: What is a tax lien? A: A tax lien is a claim the government makes on a property when the owner fails to pay property taxes. Investors can pay these taxes and earn interest when the property owner repays the debt.

Q: How can I participate in the Vermilion County tax sale?

A: You must register with the Vermilion County Treasurer’s office at least ten business days before the sale, submit a $500 refundable deposit, and complete the necessary registration forms.

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

A: If the property owner does not redeem the lien within the redemption period, the investor can petition for a tax deed and potentially gain ownership of the property.

Q: What additional fees do you incur when purchasing at the tax sale?

A: Fees include a $20 Indemnity Fee, a $10 Tax Sale Automation Fee, a $60 Sale In Error Fee/Tax Sale Fee, and a $4 County Clerk Fee for each real estate parcel purchased​​.

Q: Are there opportunities to buy property outright at these auctions?

A: Yes, Vermilion County holds a Surplus Property Auction where it sells properties for taxes and fees, often at a fraction of their market value.

For further assistance and detailed guidance on tax lien investing in Vermilion County, feel free to contact the County Treasurer’s office.

Useful Links

• Vermilion County Tax Lien Information
• Vermilion County Treasurer’s Office
• Vermilion County Website
• Vermilion County Auction Site
• 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?

We’re here to help you navigate the process of tax lien investing. Book a call or access our free resources for more detailed information and personalized assistance. Don’t hesitate to leave a comment or question if you need more information.

Sign up or log in to view the full content.

Free help available

Get a Tax Deed in the next 30 days

Need a hand on your first deal at up to 90% off? Book a free call and we’ll guide you step by step.

Auction
Calendar Book a free
call Free
resources

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