This Video, previously posted on YouTube goes over the basics of
Idaho Tax Sales
Idaho is what is known as a pure deed sate. this means that when you buy the tax deed from the county, you actually get the property. Since the tax lien is in first position, that means that short of any errors from the county or anybody else involved, you should have free and clear title IMMEDIATELY. There is NO redemption period.
The minimum bid is determined by the county commissioner. Typically, the county treasurer will submit a minimum bid to the county commissioner for approvale. This bid will include delinquent taxes with penalties and interest, pending issue fees, certifications and special assessments, and any other costs. In Ada County the bid recommendation also includes a current market value for the property as determined by the Ada County assessor.
The only County that conducts online auctions is Ada County which wis where Boise is located. All the rest of the counties are done in person. Idaho Tax Sales are conducted in May and the state of Idaho does not offer over-the-counter purchases.
Now what I’d like to do is give you guys a worksheet for the state of Alabama. Each one of the worksheets is several pages. Each one has all the information I just mentioned plus my personal notes for each state and then links to the states laws, other applicable websites, and links to every single County and in some cases municipality as in some of the northeastern states who run their auctions by city instead of by County. Finally each worksheet has got a map of the state showing the counties for your convenience.
My New Book
The last thing I want to do is put a plug-in for my latest book, The Ultimate Dictionary of Real Estate Terms. This book is the consummate real estate reference on the market today. I took great pains to make sure that it’s the biggest thing out there. 4300 terms defined over 250 pages. The closest thing that’s even similar is something like 2500 definitions. You can get it at Barnes & Noble or Amazon or 200 other retailers throughout the world for about 20 bucks. However, if you stick around with me until the end of this, I’ll tell you how you can get it for free. But of course not stick around to the end.
Interested in Tax Sales in Another State?
Tax Sales investing is a niche that has the potential to be insanely profitable.
However, most investors do not have a deep understanding of this investing strategy.
Every state has a unique set of rules and regulations. There are some basic rules you need to understand as to how the process works. Generally, states will fall into one of three categories:
- Tax Lien States
- Tax Deed States
- Hybrid States
Hybrids are states who conduct their tax sales by selling tax deeds with a caveat. The deeds have a redemption period much like a tax lien certificate.
This map provides links to information for every state as well as Washington DC.