Explore Tax Lien Investing in Garrett County, Maryland

Unlock an investment opportunity with a solid 10% annual interest in Garrett County’s Tax Lien Sale. Positioned within three hours of major cities like Baltimore, Washington, DC, and Pittsburgh, Garrett County offers more than just a strategic location. With a four-season appeal featuring Maryland’s only ski resort, this is an investor’s gateway to a vibrant community and a steady return.

Garrett County’s annual tax lien sale is an exciting opportunity for investors looking for a reliable return. This year’s sale opens online in May. You’ll need to be registered to bid, and a list of properties will be available once registration opens​.

Process

Registration:

  • A $100 refundable registration fee is required.
  • Business entities must register with the Maryland State Department of Assessments and Taxation​.

Auction:

  • Properties are auctioned to the highest bidder.
  • Payment of the bid amount plus any applicable High Bid Premium is due on the day of the sale.

Certificate of Sale:

  • Issued about six months post-sale.
  • Details the sale and redemption interest rate.
  • Certificates are assignable and considered presumptive evidence of the sale and title in legal proceedings.

Redemption:

  • Owners can redeem the property until the court forecloses the right of redemption.
  • Redemption includes paying the sale amount, 10% interest, penalties, and subsequent taxes in certified funds​​.
  • After four months, redemption may also include reimbursement for the certificate holder’s expenses.

Foreclosure:

  • It can begin six months post-sale but must occur within two years.
  • Involves filing a complaint in Circuit Court.
  • Upon court judgment, the purchase must be finalized within 90 days, or the judgment may be revoked​​.

Key Information Table

DetailInformation
Tax Sale TypeTax Lien
Typical Date of SaleMay
Interest Rate10% annually
Bid ProcedureHighest bidder wins
Certificate IssuanceApproximately 6 months post-sale
Foreclosure TimelineStarts 6 months post-sale, must be completed within 2 years
ContactBilling & Collections Office, Garrett County Government
Auction SiteGarrett County Auction Site
County WebsiteGarrett County Official Website

How to Start Investing in Garrett County Tax Lien Sales

Before you start bidding, make sure you understand the full process and do your due diligence. you can visit the Garrett County Tax Sale Website to view auction information and the list of available properties.

Remember, Garrett County holds its tax lien sales online, so you must follow the steps for online registration and payment. For more information, check the official tax sale page or contact the Garrett County Billing & Collections Office.

Additional Facts about Garrett County

Garrett County is not just a great place to invest in tax liens—it also offers a vibrant community with excellent investment potential. Here are some interesting facts:

  • Proximity to Major Cities: Located within three hours of Baltimore, Washington DC, and Pittsburgh.
  • Tourism & Recreation: The county boasts Maryland’s only ski resort and a 3,900-acre man-made lake. It’s a year-round destination, with cool summer temperatures and winter snowfalls averaging 120 inches annually.
  • Population: As of the 2010 census, Garrett County’s population was 30,097.
  • Real Estate Market: With over 4,000 lodging rooms and more than 40 dining

FAQs about Garrett County Tax Lien Sales

Q: When can I start bidding?

A: The auction opens in May.

Q: How do I register for the auction?

A: Registration opens in May. A $100 refundable registration fee is required.

Q: What happens if the property owner redeems the property?

A: The owner can redeem the property by paying the sale amount, 10% interest, and any applicable expenses incurred by the certificate holder after four months.

Q: When can I start foreclosure proceedings?

A: Foreclosure can start six months after the sale but must be completed within two years.

For more information and to get started, visit the Garrett County Auction Site.

Need Help?

If you need further assistance or want to discuss tax lien investing strategies, feel free to check out our additional resources or book a call for a consultation and start investing smartly today!

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