Tax Lien University

States › Maryland

In Maryland, the tax collector sells tax lien certificates subject to the property owners six (6) month right to redeem. Depending on the county, the property owner may redeem by paying the purchase price plus interest at the rate of 6% to 24%.

Tax Sale Type: Tax Lien Certificate (Sec. 14-820 ).

Contact: Tax Collector. (Sec. 14-808 ).

Interest Rate and/or Penalty Rate: 6% to 24% per annum. (Sec. 14-820 ).

Bid Procedure: Premium bid / highest bid. (Sec. 14-817 (a) (2) ).

Redemption Period: 6 months. (Sec. 14-833 ).

Law: Annotated Code of Maryland, Tax-Property Article, Title 14, Subtitle 8, Part III, "Tax Sales."

Additional Notes:

Property owner retains possession during redemption: According to (Sec. 14-830 ) the 'owner of any property sold under the provisions of this subtitle shall have the right, during the period of redemption, to continue in possession of, and to exercise all rights of ownership over the property until the right of redemption has been finally foreclosed...'

Attaining a Tax Deed: According to (Sec. 14-833 ) the owner of a tax lien certificate can file for a tax deed six (6) months after the purchase of the tax lien but no later than two (2) years from the date the tax lien certificate was purchased.

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