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Rhode Island Tax Deeds - (RI)
Written by: Kevin Zimmerman
The state of Rhode Island does not conduct tax lien certificate sales. Instead, Rhode Island holds tax deed sales with a very reasonable 16% interest rate for the right of redemption. A review of relevant tax lien certificate sales information indicates that Rhode Island is a worth considering for tax deed sales because of its short redemption period and its attractive interest rate on tax deeds.
An Overview of Rhode Island Deed Sales
Rhode Island does not conduct tax lien sales, but it does hold tax deed sales. The interest rate for Rhode Island tax deed sales is 18% per year with right of redemption period of 1 year. The dates, times, and rules for tax deed sales in Rhode Island vary according to the municipalities.
Rhode Island Tax Sales Bidding Process
All tax sales held in Rhode Island are held via a competitive bidding process. What is interesting about Rhode Island tax deed sales, though, is that you are allowed to bid on partial ownership of a property.
Overall, Rhode Island can be considered a decent state for tax deeds investing.