Tax Lien Certificates

Ohio Tax Lien Certificates

Ohio is unique in that it offers both tax lien certificates and tax deeds. For tax lien certificates, investors can get yields as high as 18% per annum with a one year right of redemption. Tax Deeds are sold to the bidder with the highest bid.

Tax Sale Type: Tax Deeds (Sec. 5721.19 ) and Tax Lien Certificates (see notes) (Sec. 5721.31 ).

Contact: The County Treasurer. (Sec. 5721.31 ).

Interest Rate and/or Penalty Rate: 18% per annum (for tax lien certificates). (Sec. 5721.32 (C) ).

Bid Procedure: Premium bid / highest bid (tax deeds). (Sec. 5721.19 ). Bid down interest rate (tax lien certificates). (Sec. 5721.32 (C) ).

Redemption Period: One (1) year. (Sec. 5721.37 (A)(1) ).

Law: Ohio Revised Code, Title 57, Chapter 5721, "Delinquent Lands," and Chapter 5723, "Forfeited Lands."

Additional Notes:

Tax Lien Certificate Sales: According to (Sec. 5721.31 ) 'Counties having a population of at least 200,000, may collect delinquent taxes by selling tax lien certificates at public auction'.

Questions and Comments

Steven Waters

Posted 278 days ago

Ohio is a bit of an anomaly in that it sells both Ohio Tax Lien Certificates and Ohio Tax Deeds at Ohio Tax Sales.

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