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North Carolina Tax Deed Auctions - (NC)

Written by: Kevin Zimmerman



The state of North Carolina does not hold tax lien certificate sales. However, North Carolina does hold tax deed sales and also conducts formalized property tax foreclosure or tax deed sales approximately 4 times each year. An overview of relevant tax deed sales information indicates that North Carolina may be worth considering for tax deed investing.

An Overview of North Carolina Tax Deed Sales

There is no associated interest rate for the state of North Carolina since it does not hold tax lien certificate sales.

North Carolina conducts tax deed sales, which are also known as property tax foreclosure sales. There is no right of redemption period for these tax foreclosure sales. Tax deed sales typically occur in December of each year. North Carolina also holds formalized tax deed sales around 4 times a year. In some cases, you will also find county surplus properties available.

North Carolina Tax Sales Bidding Process

All tax sales held in North Carolina are conducted via a competitive bidding process. However, there is what is known as an "upset period" for 10 days after the sale during which time anyone can trigger a resale by bidding the greater of 5% or $750.

As a whole, North Carolina offers numerous bidding opportunities and can be considered a fair state for tax deed investing.

 

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