Tax Lien Certificates

South Dakota Tax Lien Certificates

In South Dakota, tax collector's sell tax lien certificates to the winning bidders at the delinquent property tax sales. The winning bidder is the one willing to pay the most for the tax lien certificate.

Depending on where the property is located, the homeowner has approximately three (3) or four (4) years from the date the tax lien certificate was purchased to redeem. Depending on when the homeowner redeems he or she will be charged a 10% penalty. Upon the expiration of the redemption period the investor may apply for the tax deed.

Tax Sale Type: Tax Lien Certificate. (Sec. 10-23-18 ).

Contact: The County Treasurer. (Sec. 10-22-21 ).

Interest Rate and/or Penalty Rate: 10% per annum. (Sec. 10-23-8 ).

Bid Procedure: Bid down interest rate. (Sec. 10-23-8 ).

Redemption Period: Depending on where the property is located, three (3) or four (4) years (see "Additional Notes"). (Sec. 10-25-1 ).

Law: South Dakota Codified Laws, Title 10, Chapter 22 - "Collection Of Delinquent Property Taxes ", Title 10, Chapter 23 - "Sale of Real Property for Taxes and Assessments", Title 10, Chapter 24 - "Redemption from Tax Sales" and Title 10, Chapter 25 - "Tax Deeds".

Additional Notes:

Important According to (Sec. 10-23-28.1 ) 'No Sale of tax certificates after July 1, 2006. Notwithstanding the provisions of chapters 10-23, 10-24, and 10-25, no county may sell any tax certificate after July 1, 2006, unless the board of county commissioners adopts a resolution waiving the provisions of this section that prohibit the sale of tax certificates. The county shall be the holder of any tax certificate issued by the county after July 1, 2006, unless the board of county commissioners adopts a resolution waiving the provisions of this section that prohibit the sale of tax certificates. The county treasurer shall continue to serve notice on the owner of record of the real property, publish notice, and attend to the other administrative provisions imposed by chapter 10-23, 10-24, and 10-25. Nothing in this section affects the holder of any existing tax certificate, the method in which the tax certificate is redeemed, or the sale of real property for taxes or assessments'.

Some counties, have adopted a resolution waving the provisions of (Sec. 10-23-28.1 ). Such is the case in Pennington County where third-party investors can still purchase tax lien certificates. Therefore, contact each county to find out which

Questions and Comments

Steven Waters

Posted 278 days ago

Currently you can buy South Dakota Tax Lien Certificates but not South Dakota Tax Deeds at South Dakota Tax Sales.

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