West Terre Haute Indiana Tax Lien Certificates
The collection of real estate taxes for properties located in West Terre Haute Indiana is a major priority for the Vigo County Indiana 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 Vigo County Indiana. If Vigo County Indiana 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 West Terre Haute Indiana, Vigo County Indiana would literally go bankrupt.
To solve this cash-flow problem, Vigo County Indiana allows investors to come in and pay off a portion of these delinquent property taxes.
In return, Vigo County Indiana gives investors Indiana 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 Indiana tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Vigo County Indiana to the investor.
When you buy tax lien certificates in Indiana, you are paying someone else's delinquent property taxes. What's more, Indiana 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 Indiana charges up to 10% per annum on the amount paid to satisfy the delinquent taxes, which is passed directly to the tax lien certificate purchaser.
Everyone is happy, Vigo County Indiana gets their money and you get a real estate secured, high-yielding return on your investment.
For "risk-sensitive" investors Indiana tax lien certificates are the ideal investment. Basically, you are investing your money with Vigo County Indiana and when the Vigo County Indiana Tax Collector collects the past due taxes, they send you a check, returning what you paid to purchase the Indiana tax lien certificate plus penalties, interest, and/or late fees.
Indiana tax lien certificates are safe in several ways. They are safe because the rise and fall of interest rates has no effect on Indiana tax lien certificates. Unlike the stock market, interest rates on Indiana tax lien certificates are mandated by Indiana law.
In addition, Indiana tax lien certificates are secured by real estate. So if you do not receive what you paid to purchase the Indiana tax lien certificate plus interest and/or penalties within the law mandated redemption period, then by law Vigo County Indiana 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 up to 10% per annum, or Vigo County Indiana 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 Indiana law, mandated by Indiana law, and are regulated by Indiana 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.
West Terre Haute Indiana 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 West Terre Haute Indiana.
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Cities located in Vigo County
The following is a list of cities and towns located in Vigo County Indiana.
Tax Lien Certificates for properties located in the following cities are sold at the Vigo County Indiana tax sale.
Counties located in Indiana
The following is a list of counties located in the state of Indiana.
Tax Lien Certificates for properties located in the following counties are sold at Indiana 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:
Tax Lien University, Inc. is an educational organization, and individual performance depends upon the individual skills, time availability, and dedication of each student. Testimonials included may not represent typical results. Unique experiences and past performances do not guarantee future results. Tax Lien University, Inc. its owners, employees, and affiliates do not give investment or financial advice and are not licensed as brokers by or registered as advisors with any agency. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.
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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.
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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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