Tax Lien Certificates

Iowa Tax Lien Certificates

In Iowa, the tax collector or treasurer will sell tax lien certificates to the winning bidders at the delinquent property tax sale.

Tax Sale Type: tax lien certificates (Sec. 446.1 ).

Contact: The county treasurer or tax collector (Sec. 446.7 ).

Interest Rate and/or Penalty Rate: 24% per annum (Sec. 447.1 )

Bid Procedure: Bid down ownership interest (Sec. 446.16 ).

Redemption Period: 2 years (See "Notes"). (Sec. 447.9 ).

Law: Code of Iowa, Title X, Subtitle 2, Chapter 446, "Tax Sales," Chapter 447, "Tax Redemption," and Chapter 448, "Tax Deeds."

Additional Notes:

Important: According to Iowa statute, after one year and nine months from the date of the sale, the holder of the tax lien certificates is required to serve a notice stating that the right of redemption will expire and a deed for the parcel be made unless redemption is made within ninety days from the completed service of the notice (Sec. 447.9 ).

After three years from the date of the sale, If the county determines that the holder of the tax lien certificates has failed to serve the 90-day notice the tax lien certificates will be void. Furthermore, the money paid to purchase the tax lien certificates will be credited to the county's general fund (Sec. 448.12 ).

Questions and Comments

Steven Waters

Posted 62 days ago

County tax collectors hold public tax sales on the third Monday in June of each year. Tax lien certificates are sold to the investor with the winning bid.

Jacque Rodes

Posted 62 days ago

Iowa appears to be a great state to purchase tax lien certificates. Does anyone know when they hold their tax sales?

Steven Waters

Posted 278 days ago

Currently you can buy Iowa Tax Lien Certificates but you cannot purchase Iowa Tax Deed at Iowa Tax Sales and earn 24% per annum.

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