| Rule | Detail | |------|--------| | | 15% per annum, simple interest. | | Bid-down mandatory in many counties | Lowest interest rate wins; 0% interest allowed. | | No “over-the-counter” sales after auction? | Some counties allow purchase of unsold liens after auction at statutory rate. | | Redemption notice | County auditor sends redemption notice to investor; investor must surrender certificate to collect. | | Surplus funds | If property sold at tax deed sale for more than taxes + costs, excess goes to former owner. | | Homestead protection | None for tax sales – Indiana law does not protect homestead from tax lien foreclosure. | | Military deferral | Active duty military may have extended redemption rights. |
This report explains the legal framework, procedures, investor risks, redemption rules, and key strategic considerations for participating in Indiana tax lien sales.
| Rule | Detail | |------|--------| | | 15% per annum, simple interest. | | Bid-down mandatory in many counties | Lowest interest rate wins; 0% interest allowed. | | No “over-the-counter” sales after auction? | Some counties allow purchase of unsold liens after auction at statutory rate. | | Redemption notice | County auditor sends redemption notice to investor; investor must surrender certificate to collect. | | Surplus funds | If property sold at tax deed sale for more than taxes + costs, excess goes to former owner. | | Homestead protection | None for tax sales – Indiana law does not protect homestead from tax lien foreclosure. | | Military deferral | Active duty military may have extended redemption rights. |
This report explains the legal framework, procedures, investor risks, redemption rules, and key strategic considerations for participating in Indiana tax lien sales.