Shelby County Tax Lien Certificates
In Indiana, the County Tax Collector will sell Tax Lien Certificates to winning bidders at the Shelby County Tax Lien Certificates sale. According to state law Indiana Tax Lien Certificates can earn as much as None 10% to 25% on the amount winning bidders pay to purchase Indiana Tax Lien Certificates. In addition, Indiana Tax Lien Certificates are secured by real estate. According to Indiana law a property owner has One (1) year to pay Shelby County the amount the winning bidder paid to purchase the Tax Lien Certificates plus None 10% to 25% or risk forfeiting the property to the person who purchased the Tax Lien Certificates at the Shelby County Tax Lien Certificates sale.
Tax Sale Type: Tax Lien Certificates
Contact: County Tax Collector (Sec. 6-1.1-24-5(e) 
)
Interest Rate: None
Penalty Rate: 10% to 25% (Sec. 6-1.1-25-2 )
Bid Procedure: Highest Bid (Sec. 6-1.1-24-5 )
Redemption Period: One (1) year (Sec. 6-1.1-25-4 )
Law: Indiana Code, Title 6, Article 1.1, Chapter 24, "Sale of Real Property When Taxes or Special Assessments Become Delinquent," and Chapter 25, "Redemption of and Tax Deeds for Real Property Sold for Delinquent Taxes and Special Assessments."
Additional Notes:
Penalty interest rate paid upon redemption The tax lien certificate holder will receive a 10% to 15%, depending on when the home owner exercises his or her right to redeem. According to (Sec. 6-1.1-25-2 ) when redeemed, the home owner will have to pay as follows:
For the minimum bid (delinquent taxes, special assessments, etc.):
- (110%) of the minimum bid if redeemed 'not more than six (6) months after the date of sale; or'
- (115%) of the minimum bid if redeemed 'more than six (6) months but not more than one (1) year after the date of the sale.'
For the overbid (the amount over and above the minimum):
- 'plus ten percent (10%) per annum on the amount by which the purchase price exceeds the minimum bid on the property.'
Applying for a tax deed: According to (Sec. 6-1.1-25-4.6 ) the owner of the tax lien certificate must apply for the tax deed 'not later than six (6) months after the one year redemption period has expired.'
Consquently, according to (Sec. 6-1.1-25-7 (a) ) if the purchaser 'fails to file the petition within the period provided in section 4.6 of this chapter, that person's lien against the real property terminates at the end of that period.'
In addition, according to (Sec. 6-1.1-25-7 (b) ):
'If the notice under section 4.5 of this chapter is not given within the period specified in section 4.5(a)(3) or 4.5(c)(3) of this chapter, the lien of the: (1) purchaser of the property; or (2) purchaser of the certificate of sale under IC 6-1.1-24; against the real property terminates at the end of that period.'
'Notice' according to (Sec. 6-1.1-25-4.5 ) includes a notice 'not later than ninety (90) days after the date of sale of the certificate' and a second notice ' not later than nine (9) months after the date of the sale'.
Tax Sale Overbids. According to (Sec. 6-1.1-24-6.4 ) when the amount bid for the purchase of tax lien certificate is tendered the county treasurer is instructed to satisfy delinquent taxes and then distribute the tax sale overages, overbids, and excess funds as follows:
Sec 6.4 (a) When a certificate of sale is sold under this chapter, the purchaser at the sale shall immediately pay the amount of the bid to the county treasurer. The county treasurer shall apply the payment in the following manner:
(1) First, to the taxes, special assessments, penalties, and costs described in section 5(e) of this chapter.
(2) Second, to other delinquent property taxes in the manner provided in IC 6-1.1-23-5(b).
(3) Third, to a separate "tax sale surplus fund".
Sec 6.4 (b) The:
(1) owner of record of the real property at the time the tax deed is issued who is divested of ownership by the issuance of a tax deed; or
(2) purchaser of the certificate or the purchaser's assignee, upon redemption of the tract or item of real property; may file a verified claim for money that is deposited in the tax sale surplus fund. If the claim is approved by the county auditor and the county treasurer, the county auditor shall issue a warrant to the claimant for the amount due.
Sec 6.4 (c) An amount deposited in the tax sale surplus fund shall be transferred by the county auditor to the county general fund and may not be disbursed under subsection (b) if it is claimed more than three (3) years after the date of its receipt.
Sec 6.4 (d) Upon the assignment of the certificate of sale to the purchaser, the county auditor shall indicate on the certificate the amount for which the certificate of sale was sold.
Cities located in Shelby County Indiana
To learn more about Indiana Tax Lien Certificates simply click on the name of the town or city for which you are interested in the list below.
| Town/City: | Population: |
|---|---|
| Boggstown | 541 |
| Fairland | 4,681 |
| Flat Rock | 1,550 |
| Fountaintown | 1,882 |
| Freeport | 2,648 |
| Gwynneville | 170 |
| Morristown | 2,648 |
| Shelbyville | 26,539 |
| Waldron | 1,956 |
Counties located in Indiana
To learn how to purchase Indiana Tax Lien Certificates simply click on the name of the county for which you are interested in the list below.
| County: | Auction Type: | Population: |
|---|---|---|
| Adams County | Tax Lien Certificates | 33,625 |
| Allen County | Tax Lien Certificates | 331,849 |
| Bartholomew County | Tax Lien Certificates | 71,435 |
| Benton County | Tax Lien Certificates | 9,421 |
| Blackford County | Tax Lien Certificates | 14,048 |
| Boone County | Tax Lien Certificates | 46,107 |
| Brown County | Tax Lien Certificates | 14,957 |
| Carroll County | Tax Lien Certificates | 20,165 |
| Cass County | Tax Lien Certificates | 40,930 |
| Clark County | Tax Lien Certificates | 96,472 |
| Clay County | Tax Lien Certificates | 26,556 |
| Clinton County | Tax Lien Certificates | 33,866 |
| Crawford County | Tax Lien Certificates | 10,743 |
| Daviess County | Tax Lien Certificates | 29,820 |
| Dearborn County | Tax Lien Certificates | 46,109 |
| Decatur County | Tax Lien Certificates | 24,555 |
| Dekalb County | Tax Lien Certificates | 40,285 |
| Delaware County | Tax Lien Certificates | 118,769 |
| Dubois County | Tax Lien Certificates | 39,674 |
| Elkhart County | Tax Lien Certificates | 182,791 |
| Fayette County | Tax Lien Certificates | 25,588 |
| Floyd County | Tax Lien Certificates | 70,823 |
| Fountain County | Tax Lien Certificates | 17,954 |
| Franklin County | Tax Lien Certificates | 22,151 |
| Fulton County | Tax Lien Certificates | 20,511 |
| Gibson County | Tax Lien Certificates | 32,500 |
| Grant County | Tax Lien Certificates | 73,403 |
| Greene County | Tax Lien Certificates | 33,157 |
| Hamilton County | Tax Lien Certificates | 182,740 |
| Hancock County | Tax Lien Certificates | 55,391 |
| Harrison County | Tax Lien Certificates | 34,325 |
| Hendricks County | Tax Lien Certificates | 104,093 |
| Henry County | Tax Lien Certificates | 48,508 |
| Howard County | Tax Lien Certificates | 84,964 |
| Huntington County | Tax Lien Certificates | 38,075 |
| Jackson County | Tax Lien Certificates | 41,335 |
| Jasper County | Tax Lien Certificates | 30,043 |
| Jay County | Tax Lien Certificates | 21,806 |
| Jefferson County | Tax Lien Certificates | 31,705 |
| Jennings County | Tax Lien Certificates | 27,554 |
| Johnson County | Tax Lien Certificates | 115,209 |
| Knox County | Tax Lien Certificates | 39,256 |
| Kosciusko County | Tax Lien Certificates | 74,057 |
| La Porte County | Tax Lien Certificates | 110,106 |
| Lagrange County | Tax Lien Certificates | 34,909 |
| Lake County | Tax Lien Certificates | 484,564 |
| Lawrence County | Tax Lien Certificates | 45,922 |
| Madison County | Tax Lien Certificates | 133,358 |
| Marion County | Tax Lien Certificates | 860,454 |
| Marshall County | Tax Lien Certificates | 45,128 |
| Martin County | Tax Lien Certificates | 10,369 |
| Miami County | Tax Lien Certificates | 36,082 |
| Monroe County | Tax Lien Certificates | 120,563 |
| Montgomery County | Tax Lien Certificates | 37,629 |
| Morgan County | Tax Lien Certificates | 66,689 |
| Newton County | Tax Lien Certificates | 14,566 |
| Noble County | Tax Lien Certificates | 46,275 |
| Ohio County | Tax Lien Certificates | 5,623 |
| Orange County | Tax Lien Certificates | 19,306 |
| Owen County | Tax Lien Certificates | 21,786 |
| Parke County | Tax Lien Certificates | 17,241 |
| Perry County | Tax Lien Certificates | 18,899 |
| Pike County | Tax Lien Certificates | 12,837 |
| Porter County | Tax Lien Certificates | 146,798 |
| Posey County | Tax Lien Certificates | 27,061 |
| Pulaski County | Tax Lien Certificates | 13,755 |
| Putnam County | Tax Lien Certificates | 36,019 |
| Randolph County | Tax Lien Certificates | 27,401 |
| Ripley County | Tax Lien Certificates | 26,523 |
| Rush County | Tax Lien Certificates | 18,261 |
| Scott County | Tax Lien Certificates | 22,960 |
| Shelby County | Tax Lien Certificates | 43,445 |
| Spencer County | Tax Lien Certificates | 20,391 |
| St. Joseph County | Tax Lien Certificates | 265,559 |
| Starke County | Tax Lien Certificates | 23,556 |
| Steuben County | Tax Lien Certificates | 33,214 |
| Sullivan County | Tax Lien Certificates | 21,751 |
| Switzerland County | Tax Lien Certificates | 9,065 |
| Tippecanoe County | Tax Lien Certificates | 148,955 |
| Tipton County | Tax Lien Certificates | 16,577 |
| Union County | Tax Lien Certificates | 7,349 |
| Vanderburgh County | Tax Lien Certificates | 171,922 |
| Vermillion County | Tax Lien Certificates | 16,788 |
| Vigo County | Tax Lien Certificates | 105,848 |
| Wabash County | Tax Lien Certificates | 34,960 |
| Warren County | Tax Lien Certificates | 8,419 |
| Warrick County | Tax Lien Certificates | 52,383 |
| Washington County | Tax Lien Certificates | 27,223 |
| Wayne County | Tax Lien Certificates | 71,097 |
| Wells County | Tax Lien Certificates | 27,600 |
| White County | Tax Lien Certificates | 25,267 |
| Whitley County | Tax Lien Certificates | 30,707 |
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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