Earn Up to 24% at Somerset County, Maryland’s Tax Lien Sale

If you’re looking for a smart way to invest in real estate, Somerset County, Maryland’s annual Tax Lien Sale offers a great opportunity. Held every June outside the Somerset County Office Complex, this in-person auction allows investors to earn impressive returns by purchasing tax lien certificates. Here’s what you need to know to get started:

What is a Tax Lien Certificate?

When property owners fail to pay their taxes, the county issues a tax lien certificate, which is then sold at auction. The winning bidder pays the owed taxes, and in return, the lien earns interest until the property owner pays off the debt.

How Does it Work?

Auction Date and Location:

The annual tax sale takes place in June at the Somerset County Office Complex located at 11916 Somerset Avenue, Princess Anne, MD.

Bidding Process:

Bidders compete by offering the highest premium over the owed taxes. The highest bidder wins the lien.

Interest Rates:

The lien accrues a 1% monthly interest rate. If the property owner redeems the lien within six months, you’ll earn a 6% return. If redeemed within 15 months, you earn 15%, and so on, up to two years.

Redemption and Foreclosure:

Property owners have six months to redeem the lien by paying the owed amount plus interest. If not redeemed, you can initiate foreclosure to acquire the property for the back taxes and fees.

Important Details

Detail	Information
Sale Type	Tax Lien Certificates
Typical Date of Sale	June
Redemption Period	4 months after the sale until foreclosed by the certificate holder
Interest Rate	1% monthly
Bid Procedure	Highest bidder wins
Auction Location	Outside Somerset County Office Complex
Contact Information	Somerset County Tax Collector’s Office
Auction Site	Bid4Assets

Fun Fact

Did you know that Somerset County, Maryland, was named after Mary, Lady Somerset, the wife of Sir John Somerset? She played an influential role in Maryland’s early history, adding a rich layer of cultural significance to this beautiful county.

In addition to its historical importance, Somerset County is a hidden gem along Maryland’s Eastern Shore. Known for its serene landscapes, the county offers stunning views of the Chesapeake Bay and the Wicomico River. The charming town of Princess Anne, home to the University of Maryland Eastern Shore, adds to the region’s allure. So, while you explore tax lien investment opportunities, take a moment to appreciate the quiet beauty and historical depth Somerset County has to offer!

Useful Links

• Somerset County Tax Collections
• Somerset County
• Somerset County Auction Details
• Earn Solid 6-20% ROI In Maryland Tax Liens!
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Start investing in Tax Liens in Maryland Tax Lien Auctions and earn a 6-20% return on investment!

Frequently Asked Questions

What happens if the property owner doesn’t pay the taxes?

If the property owner doesn’t redeem the lien within six months, you can start the foreclosure process to acquire the property.

Are there any penalties for the property owner?

Yes, if the property owner does not pay, they may face foreclosure, and the property could be transferred to the lien holder.

Can I participate in the auction online?

No, the auction is held in person at the Somerset County Office Complex.

Investing in tax liens can be a lucrative venture if done right. It’s important to thoroughly understand the local laws and regulations, so don’t hesitate to reach out to the County Tax Collection Office for more detailed information​.

Need a Hand?

Need more guidance on how to start investing in Somerset County’s tax lien sales? Book a call with us or visit free resources for more details. Let’s make your investment journey a success!

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