St Matthews South Carolina Tax Lien Certificates
The collection of real estate taxes for properties located in St Matthews South Carolina is a major priority for the Calhoun County South Carolina 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 Calhoun County South Carolina. If Calhoun County South Carolina 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 St Matthews South Carolina, Calhoun County South Carolina would literally go bankrupt.
To solve this cash-flow problem, Calhoun County South Carolina allows investors to come in and pay off a portion of these delinquent property taxes.
In return, Calhoun County South Carolina gives investors South Carolina 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.
An South Carolina tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Calhoun County South Carolina to the investor.
When you buy tax lien certificates in South Carolina, you are paying someone else's delinquent property taxes. What's more, South Carolina actually gives you the right to receive all of the tax money due - including fees, high interest, and penalties.
To encourage delinquent owners to pay their past-due property taxes, the state of South Carolina charges interest on the amount paid to satisfy the delinquent taxes, which is passed directly to the tax lien certificate purchaser.
Everyone is happy, Calhoun County South Carolina gets their money and you get a real estate secured, high-yielding return on your investment.
For "risk-sensitive" investors South Carolina tax lien certificates are the ideal investment. Basically, you are investing your money with Calhoun County South Carolina and when the Calhoun County South Carolina Tax Collector collects the past due taxes, they send you a check, returning what you paid to purchase the South Carolina tax lien certificate plus penalties, interest, and/or late fees.
South Carolina tax lien certificates are safe in several ways. They are safe because the rise and fall of interest rates has no effect on South Carolina tax lien certificates. Unlike the stock market, interest rates on South Carolina tax lien certificates are mandated by South Carolina law.
In addition, South Carolina tax lien certificates are secured by real estate. So if you do not receive what you paid to purchase the South Carolina tax lien certificate plus interest and/or penalties within the law mandated redemption period, then by law Calhoun County South Carolina has the legal right to give you the property - debt free with no mortgage!
So in review, there are two ways you can profit; either you will get what you paid to satisfy the delinquent property taxes PLUS a profit rate interest, or Calhoun County South Carolina has the legal right to give you the property - debt free with no mortgage!
Once you own the property you can do whatever you like; sell it for huge profit checks, rent it for monthly cash-flow, or if you like, even move in with no mortgage payment. The choice is yours, the property belongs to you.
As with all investments, there is always an element of risk. Even if the interest rates are written into South Carolina law, mandated by South Carolina law, and are regulated by South Carolina law, there is a chance of you losing part or all of your investment. You must always try to get the best education and practice safe investing, no matter which investment vehicle you choose.
St Matthews South Carolina 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 St Matthews South Carolina.
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Cities located in Calhoun County
The following is a list of cities and towns located in Calhoun County South Carolina.
Tax Lien Certificates for properties located in the following cities are sold at the Calhoun County South Carolina tax sale.
|Fort Motte, SC||9,658|
|Hammond Crossroads, SC||9,658|
|Lone Star, SC||2,100|
|Saint Matthews, SC||9,658|
|St Matthews, SC||9,658|
Counties located in South Carolina
The following is a list of counties located in the state of South Carolina.
Tax Lien Certificates for properties located in the following counties are sold at South Carolina 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:
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Tax Lien Certificate States
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The Rule of 72 Calculator
The rule of 72 says that to find the number of years required to double your investment at a given interest rate, you simply divide the interest rate into 72.
For example, if you want to know how long it will take to double your money at eighteen percent interest, divide 18 into 72 and get 4 years.
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"I purchased 3 tax lien certificates at an internet auction for Miami-Dade County, Florida. All three were buildable vacant lots in moderate income neighborhoods. The prices were: (1)$1,018.86 (2) $1,224.90 (3) $1,654.82. I got 18% interest on all of them. I placed 39 bids in total."
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June 9, 2011 6:17:32 PM MDT
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