Tax Lien University

States › Iowa

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 Certificate (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 certificate 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 certificate has failed to serve the 90-day notice the tax lien certificate will be void. Furthermore, the money paid to purchase the tax lien certificate will be credited to the county's general fund (Sec. 448.12 ).

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