The answer to this question depends on the state and county where your land is located. The type of tax sale that’s held is determined at a state level, and can either be a Tax Deed sale, Redeemable Tax Deed sale, or Tax Lien sale.

• Land is put on a tax delinquent list and penalties start to accrue on the taxes owed (usually a percentage of the taxes owed).
• After a certain period of time (depending on your state and county), your land is scheduled to be sold at a tax sale.
• If your state is a Tax Deed state, you will lose your land once it is sold at the Tax Deed Sale. You will not receive any money from the sale.
• If your state is a Tax Lien or Redeemable Tax Deed state, once your land is sold at tax sale, additional fees and penalties accrue on the back taxes.
• After your property is sold at a Tax Lien or Redeemable Tax Deed sale, you have a set period of time (redemption period) to redeem your property by paying all back property taxes, fees, and penalties.
• If the redemption period expires, the purchaser of the tax sale certificate has the right to foreclose on your land.
  This means that they will own your property free and clear and you will be paid nothing for it.
  This is the worst possible scenario as you lose your property without any compensation.

Tax sales may be one of three types: Tax Deed, Redeemable Tax Deed, or Tax Lien. The type of tax sale your land with back taxes would go through is determined by the state and county in which your land is located.

• Tax Deeds:
  In Tax Deed states, ownership of the tax delinquent land itself is sold during the Tax Deed sale. When a Tax Deed is issued by the county following a Tax Deed sale, the investor purchases the Tax Deed of the property.
• Redeemable Tax Deeds:
  Redeemable Tax Deeds work almost identically to Tax Deeds, with the exception that the property owner has the right to redeem their property during the redemption period by paying off all taxes, penalties, and fines.
• Tax Liens:
  In contrast to a Tax Deed where the property’s ownership is being sold, a Tax Lien places a lien on the property which must be paid off during the redemption period or the purchaser can foreclose on the property.

*Don’t let a tax sale investor take your land or property away from you and leave you with nothing*. If you have unwanted land, sell your land before you lose it for good. If you want it out of your life now, request an offer from Queensland Investing and we will make the transaction fast, easy, and it won’t cost you a penny.

The distinction between paying your taxes late and missing a car loan or credit card payment is significant – If you’re unable to pay your property taxes on time, your credit score may or may not suffer depending on your situation. Your credit might be unaffected until your county’s property tax collector takes action to collect the debt. *Disclaimer: This does not constitute legal advice and we recommend consulting with an attorney.*