Kentucky’s Tax Lien: A Strategic Journey Through the Bluegrass State’s Real Property Tax Lien Sales

Sales Type: Tax Liens
Frequency: Varies
Interest Rate: 12%
Penalty: None
Redemption Period: 1yr Redemption
Bid Method: Premium Bid or Random Selection

Hey there, fellow adventurers of the entrepreneurial realm! Ever dreamt of plunging into the world of real estate investment and tax lien sales? If you have, then saddle up and get ready to explore the uncharted territories of Kentucky’s tax lien market. In this thrilling expedition, we’ll decipher the arcane rituals of tax lien sales, “tolling periods,” redemptions, and the exhilarating world of judicial foreclosures. So, gear up, dear reader, as we navigate the twists and turns of the Bluegrass State’s tax lien landscape!

The Tax Lien Odyssey Begins
In the heart of Kentucky, the tax lien saga unfolds. The journey starts with the birth of delinquency, marking the taxes as due on or before December 31 each year. As January 1st dawns, these taxes transform into delinquent beasts, birthing a lien that clings to the property. This lien is like a patient hunter, waiting up to 11 years for the moment of redemption or foreclosure.

Sheriff’s Expedition into Tax Collection
The sheriff, a key player in this adventure, holds the torch of tax collection. The taxpayer or their envoy can pay off these delinquent taxes. But behold, certain righteous souls need no written request! The lawful occupants, property interest holders, and mortgage gods can intervene without formalities. They are the unsung heroes of this tax epic, battling to save the realm of property.

County Chronicles: The Tax Claim Transmutation
On April 15, the sheriff embarks on a voyage, filing all tax claims with the county clerk. These claims morph into certificates of delinquency, changing hands to the Department of Revenue. The price of redemption includes the principal tax, a 10% penalty, the sheriff’s commission, and a 10% sheriff’s “add-on.” Thus, the certificates of delinquency become transferable artifacts.

Auctioneer’s Auction: Selling Certificates of Delinquency
The county clerk orchestrates an annual gala known as the “Certificate Auction Festival.” The auction, a premium bid affair, commences within 90 to 135 days of the tax claims’ filing. Third-party heroes, armed with their investment swords, engage in fierce battles to outbid each other. Victory yields them the coveted certificates of delinquency.

The Redemption Chronicles: A Taxpayer’s Quest
Should the delinquent taxpayer seek redemption, they embark on a quest to reconcile their debts with the third-party holder of the certificate. The hero pays the purchase amount with a 12% yearly interest. The third-party victor, by law, is entitled to this treasure of fees for their valor.

The One-Year Quest: Tolling Period and Judicial Duels
Kentucky imposes a one-year tolling period, a waiting game before a third-party hero can unleash the judicial duels. After this period, they can pursue legal action to enforce their lien or collect the owed amounts. The battlefield is set, and the tax lien warriors are ready to battle for their rightful treasures!

Concluding Our Tax Lien Expedition
In the wild, wild west of Kentucky’s tax lien domain, understanding the rules of engagement is paramount. This daring journey through tax lien sales, “tolling periods,” and judicial confrontations is not for the faint of heart. It requires a keen eye, a sharp mind, and a taste for adventure. As you chart your course in this realm, remember, with great risk comes great reward. May your investments be wise and your treasures abundant in the Bluegrass State!

So, fellow adventurers, are you up for the challenge? Join us by clicking here: thrilling tax lien expedition, and let’s make your tax lien investment dreams a reality!