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New York Tax Deeds and Lien Certificates - (NY)
Written by: Kevin Zimmerman
The state of New York is considered only an average state for tax lien certificate sales. An overview of relevant tax lien certificate sales information indicates that New York has a decent interest rate and brief redemption period, but rules can be complicated and confusing.
An Overview of New York Tax Lien Certificate Sales
The interest rate for New York tax sales is 14% per year with a right of redemption period of 1 year. The rules regarding the redemption of property can be a little complicated, though. Also, tax lien sales are not open to the general public for the city of New York. Most counties hold their tax lien certificate sales auctions in either April or August.
New York is considered a pretty good state for tax deed sales. However, rules, dates, and times for tax deed sales are set by the respective counties/municipalities and thus can vary widely.
New York Tax Lien Auctions Bidding Process
All tax sales held in New York are held via a competitive bidding process and some sales are not available for the general public.
As a whole, New York ranks as an average state for tax lien certificate and deed investing.