New Site Alabama Tax Lien Certificates

The collection of real estate taxes for properties located in New Site Alabama is a major priority for the Tallapoosa County Alabama Tax Collector. Real estate taxes fund local services such as public education, police protection and medical services.

Delinquent property taxes create a serious cash-flow problem for Tallapoosa County Alabama. If Tallapoosa County Alabama is unable to collect property taxes, they are also unable to fund important government services like police protection, public schooling, and emergency medical services.

Without the tax revenue generated from real estate located in New Site Alabama, Tallapoosa County Alabama would literally go bankrupt.

To solve this cash-flow problem, Tallapoosa County Alabama allows investors to come in and pay off a portion of these delinquent property taxes.

In return, Tallapoosa County Alabama gives investors Alabama tax lien certificates. A tax lien certificate is a document indicating ownership of a real estate tax lien. A tax lien is simply a claim for taxes.

A Alabama tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Tallapoosa County Alabama to the investor.

When purchasers buy tax lien certificates in Alabama, they are paying someone else's delinquent property taxes. What's more, Alabama actually gives purchasers the right to receive all of the tax money due - including fees, interest, and/or penalties.

To encourage delinquent owners to pay their past-due property taxes, the state of Alabama charges up to 12% per annum on the amount paid to satisfy the delinquent taxes, which is passed directly to the tax lien certificate purchaser.

The sale of tax lien certificates is a solution to a complex problem Tallapoosa County Alabama recovers lost revenue needed to fund local services, the property owner gets more time to satisfy their delinquent property tax bill and the purchaser receives a tax lien certificate which is real estate secured and offers up to 12% per annum mandated by Alabama law.

For "risk-sensitive" investors Alabama tax lien certificates are an attractive alternative to traditional investments choices. With tax lien certificates, purchasers are investing their money with Tallapoosa County Alabama and when the Tallapoosa County Alabama Tax Collector collects the past due taxes, they send purchasers a check, returning what they paid to purchase the Alabama tax lien certificate plus applicable penalties, interest, and/or late fees.

Alabama tax lien certificates are attractive in several ways. First, the rise and fall of interest rates has no effect on Alabama tax lien certificates. Unlike the stock market, interest rates on Alabama tax lien certificates are mandated by Alabama law.

In addition, Alabama tax lien certificates are secured by real estate. So if purchasers do not receive what they paid to purchase the Alabama tax lien certificate plus interest and/or penalties within the law mandated redemption period, the purchaser acquires title to the property free and clear of all liens created prior to the sale.

So in review, there are generally two outcomes with the purchase of a tax lien certificate; the purchaser will either receive what was paid to satisfy the delinquent property taxes PLUS up to 12% per annum, or Tallapoosa County Alabama has the legal right to transfer them the property - often with no mortgage!

Once they own the property they can do whatever they like; sell it, rent it for monthly cash-flow, even move in (often with no mortgage payment).

As with any investment, there is always an element of risk. Even if the tax sale process is written into Alabama law, mandated by Alabama law, and regulated by Alabama law, there is still a chance of purchasers incurring substantial loss. It is recommended that anyone considering buying a tax lien or tax foreclosure property consult properly licensed legal and accounting professionals.

Discussion about buying Tax Lien Certificates on property in New Site Alabama.

Below you will find a collection of the latest user questions and comments relating to Tax Lien Certificates on tax-delinquent property located in New Site Alabama.

Learn about Tax Lien Certificates in other counties or municipalities located in Alabama.

The following is a list of counties located in the state of Alabama. Tax Lien Certificates for properties located in the following counties are sold at Alabama county tax sales.

Learn more about each county's individual tax sale process by clicking on the name of the county for which you are interested from the list below:

County / Municipality:  Population: 
Autauga County, AL  43,671
Baldwin County, AL  140,415
Barbour County, AL  29,038
Bibb County, AL  20,826
Blount County, AL  51,024
Bullock County, AL  11,714
Butler County, AL  21,399
Calhoun County, AL  112,249
Chambers County, AL  36,583
Cherokee County, AL  23,988
Chilton County, AL  39,593
Choctaw County, AL  15,922
Clarke County, AL  27,867
Clay County, AL  14,254
Cleburne County, AL  14,123
Coffee County, AL  43,615
Colbert County, AL  54,984
Conecuh County, AL  14,089
Coosa County, AL  12,202
Covington County, AL  37,631
Crenshaw County, AL  13,665
Cullman County, AL  77,483
Dale County, AL  49,129
Dallas County, AL  46,365
Dekalb County, AL  64,452
Elmore County, AL  65,874
Escambia County, AL  38,440
Etowah County, AL  103,459
Fayette County, AL  18,495
Franklin County, AL  31,223
Geneva County, AL  25,764
Greene County, AL  9,974
Hale County, AL  17,185
Henry County, AL  16,310
Houston County, AL  88,787
Jackson County, AL  53,926
Jefferson County, AL  662,047
Lamar County, AL  15,904
Lauderdale County, AL  87,966
Lawrence County, AL  34,803
Lee County, AL  115,092
Limestone County, AL  65,676
Lowndes County, AL  13,473
Macon County, AL  24,105
Madison County, AL  276,700
Marengo County, AL  22,539
Marion County, AL  31,214
Marshall County, AL  82,231
Mobile County, AL  399,843
Monroe County, AL  24,324
Montgomery County, AL  223,510
Morgan County, AL  111,064
Perry County, AL  11,861
Pickens County, AL  20,949
Pike County, AL  29,605
Randolph County, AL  22,380
Russell County, AL  49,756
Shelby County, AL  143,293
St Clair County, AL  64,742
Sumter County, AL  14,798
Talladega County, AL  80,321
Tallapoosa County, AL  41,475
Tuscaloosa County, AL  164,875
Walker County, AL  70,713
Washington County, AL  18,097
Wilcox County, AL  13,183
Winston County, AL  24,843

Tax Sale

Cheat Sheet

Reference for all fifty (50) states detailing tax sale type (lien, deed, hybrid), interest rate, penalty rate, redemption period, and more.

Simply enter your name and e-mail address to get free instant access to this powerful "Tax Sale Cheat Sheet".