Stewartsville Indiana Tax Lien Certificates

The collection of real estate taxes for properties located in Stewartsville Indiana is a major priority for the Posey County Indiana 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 Posey County Indiana. If Posey County Indiana 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 Stewartsville Indiana, Posey County Indiana would literally go bankrupt.

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

In return, Posey County Indiana gives investors Indiana 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 Indiana tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Posey County Indiana to the investor.

When purchasers buy tax lien certificates in Indiana, they are paying someone else's delinquent property taxes. What's more, Indiana 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 Indiana charges up to 10% 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 Posey County Indiana 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 10% per annum mandated by Indiana law.

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

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

In addition, Indiana tax lien certificates are secured by real estate. So if purchasers do not receive what they paid to purchase the Indiana 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 10% per annum, or Posey County Indiana 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 Indiana law, mandated by Indiana law, and regulated by Indiana 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 Stewartsville Indiana.

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

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

The following is a list of counties located in the state of Indiana. Tax Lien Certificates for properties located in the following counties are sold at Indiana 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: 
Adams County, IN  33,625
Allen County, IN  331,849
Bartholomew County, IN  71,435
Benton County, IN  9,421
Blackford County, IN  14,048
Boone County, IN  46,107
Brown County, IN  14,957
Carroll County, IN  20,165
Cass County, IN  40,930
Clark County, IN  96,472
Clay County, IN  26,556
Clinton County, IN  33,866
Crawford County, IN  10,743
Daviess County, IN  29,820
Dearborn County, IN  46,109
Decatur County, IN  24,555
Dekalb County, IN  40,285
Delaware County, IN  118,769
Dubois County, IN  39,674
Elkhart County, IN  182,791
Fayette County, IN  25,588
Floyd County, IN  70,823
Fountain County, IN  17,954
Franklin County, IN  22,151
Fulton County, IN  20,511
Gibson County, IN  32,500
Grant County, IN  73,403
Greene County, IN  33,157
Hamilton County, IN  182,740
Hancock County, IN  55,391
Harrison County, IN  34,325
Hendricks County, IN  104,093
Henry County, IN  48,508
Howard County, IN  84,964
Huntington County, IN  38,075
Jackson County, IN  41,335
Jasper County, IN  30,043
Jay County, IN  21,806
Jefferson County, IN  31,705
Jennings County, IN  27,554
Johnson County, IN  115,209
Knox County, IN  39,256
Kosciusko County, IN  74,057
La Porte County, IN  110,106
Lagrange County, IN  34,909
Lake County, IN  484,564
Lawrence County, IN  45,922
Madison County, IN  133,358
Marion County, IN  860,454
Marshall County, IN  45,128
Martin County, IN  10,369
Miami County, IN  36,082
Monroe County, IN  120,563
Montgomery County, IN  37,629
Morgan County, IN  66,689
Newton County, IN  14,566
Noble County, IN  46,275
Ohio County, IN  5,623
Orange County, IN  19,306
Owen County, IN  21,786
Parke County, IN  17,241
Perry County, IN  18,899
Pike County, IN  12,837
Porter County, IN  146,798
Posey County, IN  27,061
Pulaski County, IN  13,755
Putnam County, IN  36,019
Randolph County, IN  27,401
Ripley County, IN  26,523
Rush County, IN  18,261
Scott County, IN  22,960
Shelby County, IN  43,445
Spencer County, IN  20,391
St. Joseph County, IN  265,559
Starke County, IN  23,556
Steuben County, IN  33,214
Sullivan County, IN  21,751
Switzerland County, IN  9,065
Tippecanoe County, IN  148,955
Tipton County, IN  16,577
Union County, IN  7,349
Vanderburgh County, IN  171,922
Vermillion County, IN  16,788
Vigo County, IN  105,848
Wabash County, IN  34,960
Warren County, IN  8,419
Warrick County, IN  52,383
Washington County, IN  27,223
Wayne County, IN  71,097
Wells County, IN  27,600
White County, IN  25,267
Whitley County, IN  30,707

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".