Del City, Oklahoma Delinquent Tax Sale Property


The collection of real estate taxes for properties located in Del City Oklahoma is a major priority for the Oklahoma County Oklahoma Tax Collector. Real estate taxes fund local services such as public education, police protection and medical services.

Delinquent property taxes create a serious cash-flow problem for Oklahoma County Oklahoma. If Oklahoma County Oklahoma is unable to collect property taxes, they are also unable to fund important government services like police protection, public schooling, and emergency medical services.

Without the tax revenue generated from real estate located in Del City Oklahoma, Oklahoma County Oklahoma would literally go bankrupt.

To solve this cash-flow problem, Oklahoma County Oklahoma allows investors to come in and pay off a portion of these delinquent property taxes.

In return, Oklahoma County Oklahoma gives investors Oklahoma tax lien certificates. A tax lien certificate is a document indicating ownership of a real estate tax lien. A tax lien is simply a claim for taxes.

A Oklahoma tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Oklahoma County Oklahoma to the investor.

When purchasers buy tax lien certificates in Oklahoma, they are paying someone else's delinquent property taxes. What's more, Oklahoma actually gives purchasers the right to receive all of the tax money due - including fees, interest, and/or penalties.

To encourage delinquent owners to pay their past-due property taxes, the state of Oklahoma charges up to 8% per annum on the amount paid to satisfy the delinquent taxes, which is passed directly to the tax lien certificate purchaser.

The sale of tax lien certificates is a solution to a complex problem Oklahoma County Oklahoma recovers lost revenue needed to fund local services, the property owner gets more time to satisfy their delinquent property tax bill and the purchaser receives a tax lien certificate which is real estate secured and offers up to 8% per annum mandated by Oklahoma law.

For "risk-sensitive" investors Oklahoma tax lien certificates are an attractive alternative to traditional investments choices. With tax lien certificates, purchasers are investing their money with Oklahoma County Oklahoma and when the Oklahoma County Oklahoma Tax Collector collects the past due taxes, they send purchasers a check, returning what they paid to purchase the Oklahoma tax lien certificate plus applicable penalties, interest, and/or late fees.

Oklahoma tax lien certificates are attractive in several ways. First, the rise and fall of interest rates has no effect on Oklahoma tax lien certificates. Unlike the stock market, interest rates on Oklahoma tax lien certificates are mandated by Oklahoma law.

In addition, Oklahoma tax lien certificates are secured by real estate. So if purchasers do not receive what they paid to purchase the Oklahoma tax lien certificate plus interest and/or penalties within the law mandated redemption period, the purchaser acquires title to the property free and clear of all liens created prior to the sale.

So in review, there are generally two outcomes with the purchase of a tax lien certificate; the purchaser will either receive what was paid to satisfy the delinquent property taxes PLUS up to 8% per annum, or Oklahoma County Oklahoma has the legal right to transfer them the property - often with no mortgage!

Once they own the property they can do whatever they like; sell it, rent it for monthly cash-flow, even move in (often with no mortgage payment).

As with any investment, there is always an element of risk. Even if the tax sale process is written into Oklahoma law, mandated by Oklahoma law, and regulated by Oklahoma law, there is still a chance of purchasers incurring substantial loss. It is recommended that anyone considering buying a tax lien or tax foreclosure property consult properly licensed legal and accounting professionals.

Join the Del City Oklahoma Delinquent Tax Sale Discussion.

Below you will find a collection of the latest user questions and comments relating to Tax Lien Certificates on tax-delinquent property located in Del City Oklahoma.

Learn about Tax Lien Certificates in other counties or municipalities located in Oklahoma.

The following is a list of counties located in the state of Oklahoma. Tax Lien Certificates for properties located in the following counties are sold at Oklahoma county tax sales.

Learn more about each county's individual tax sale process by clicking on the name of the county for which you are interested from the list below:

County / Municipality:  Population: 
Adair County, OK  21,038
Alfalfa County, OK  6,105
Atoka County, OK  13,879
Beaver County, OK  5,857
Beckham County, OK  19,799
Blaine County, OK  11,976
Bryan County, OK  36,534
Caddo County, OK  30,150
Canadian County, OK  87,697
Carter County, OK  45,621
Cherokee County, OK  42,521
Choctaw County, OK  15,342
Cimarron County, OK  3,148
Cleveland County, OK  208,016
Coal County, OK  6,031
Comanche County, OK  114,996
Cotton County, OK  6,614
Craig County, OK  14,950
Creek County, OK  67,367
Custer County, OK  26,142
Delaware County, OK  37,077
Dewey County, OK  4,743
Ellis County, OK  4,075
Garfield County, OK  57,813
Garvin County, OK  27,210
Grady County, OK  45,516
Grant County, OK  5,144
Greer County, OK  6,061
Harmon County, OK  3,283
Harper County, OK  3,562
Haskell County, OK  11,792
Hughes County, OK  14,154
Jackson County, OK  28,439
Jefferson County, OK  6,818
Johnston County, OK  10,513
Kay County, OK  48,080
Kingfisher County, OK  13,926
Kiowa County, OK  10,227
Latimer County, OK  10,692
Leflore County, OK  48,109
Lincoln County, OK  32,080
Logan County, OK  33,924
Love County, OK  8,831
Major County, OK  7,545
Marshall County, OK  13,184
Mayes County, OK  38,369
Mcclain County, OK  27,740
Mccurtain County, OK  34,402
Mcintosh County, OK  19,456
Murray County, OK  12,623
Muskogee County, OK  69,451
Noble County, OK  11,411
Nowata County, OK  10,569
Okfuskee County, OK  11,814
Oklahoma County, OK  660,448
Okmulgee County, OK  39,685
Osage County, OK  44,437
Ottawa County, OK  33,194
Pawnee County, OK  16,612
Payne County, OK  68,190
Pittsburg County, OK  43,953
Pontotoc County, OK  35,143
Pottawatomie County, OK  65,521
Pushmataha County, OK  11,667
Roger Mills County, OK  3,436
Rogers County, OK  70,641
Seminole County, OK  24,894
Sequoyah County, OK  38,972
Stephens County, OK  43,182
Texas County, OK  20,107
Tillman County, OK  9,287
Tulsa County, OK  563,299
Wagoner County, OK  57,491
Washington County, OK  48,996
Washita County, OK  11,508
Woods County, OK  9,089
Woodward County, OK  18,486