In Louisiana, the tax collector or treasurer will sell hybrid tax deeds subject to the property owners three (3) year right to redeeem. The property owner may redeem the property by paying the investor the purchase price plus a 5% penalty and 1% interest per month from the date of the tax sale until the date it is redeemed.
Bid Procedure: Least Percent Ownership (Sec. 47:2153 (5) )
Redemption Period: Three (3) years (Sec. 47:2156 B(2) )
Law: Louisiana Constitution, Title 47, Subtitle III, Chapter 5, "Tax Sales and Redemptions."
Obtaining a writ of possession. Louisiana is unique in that the purchaser of the hybrid tax deed can request immediate possession of the property before the expiration of the home owners three (3) year right to redeem has expired.
Sec. 47:2158 Immovable property; putting in possession
'Upon the presentation of a certified copy of a tax deed for immovables to any judge of competent jurisdiction (such jurisdiction to be determined by the value of the immovables therein described and not the amount of the taxes), the judge shall in chambers grant an order of seizure and possession, commanding the sheriff to seize such property and place the purchaser in actual possession thereof; a writ of possession shall be issued thereon by the clerk, but the purchaser may take actual possession without such order, with the consent or acquiescence of the tax debtor or otherwise, provided no force or violence shall be used.'
Louisiana Tax Sale Discussion
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State Tax Sale Summaries
Research each state's individual tax sale process including whether it is a tax lien certificate, tax deed, or tax deed hybrid, redemption period, bidding method, and the interest/penalty rate by clicking on the name of the state below: