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Texas Tax Deed Sales - (TX)
Written by: Kevin Zimmerman
The state of Texas does not hold any tax lien certificate sales, but it does conduct tax deed sales. A review of relevant tax deed sales information indicates that Texas is an excellent state for tax deeds investing with its excellent interest rate and numerous properties for sale.
An Overview of Texas Tax Deed Sales
The interest rate for Texas tax deed sales is 25% for the first 6 months on properties that are reclaimed by the owner. Right of redemption periods vary in Texas and the state has defined 2 separate periods.
The first right of redemption period is when the property enters into the tax deed process and can last anywhere from 1 to 2 years. After a property is auctioned off at the tax deed sale, the original owner still has an additional six months to redeem before a clear title can be obtained.
Texas does not conduct tax lien certificate sales.
Texas Tax Sales Bidding Process
All tax sales held in Texas are held via a competitive bidding process. Texas tax deed sales are handled by private law firms and sheriffs.
Overall, Texas is probably considered the best state for deed investing with its lucrative 25% interest payout on investments.