Kentucky Tax Sales Explained

Welcome to another episode of Ask Al How. This video is part of my series where I explain the methods and procedure for Tax Sales in Each State. In this post, I will discuss Kentucky Tax Sales.

This post features Kentucky Tax Sales Explained, A video posted on YouTube on April 29, 2020.

Kentucky has 120 counties and is a lien state. They have a 12% interest rate with a one-year redemption. Officially the state is a Premium Bid state.

In Kentucky, the purchaser who bought the certificate must wait for one year before starting a foreclosure The Owner can redeem the home at any time during the redemption period up until the foreclosure sale. In Addition, The Owner might get the right to redeem after the foreclosure sale. If the person or entity that bought the home at the foreclosure sale paid less than two-thirds of the property’s appraised value then the Owner has six more months to redeem.

More Kentucky Tax Sale Facts:

After the auction, the purchaser must wait for one year before starting a foreclosure. The Owner can redeem the home at any time during the redemption period up until the foreclosure sale. The Owner might get the right to redeem after the foreclosure sale, as well. Under some circumstances, there are even more stipulations. Let’s say the purchaser paid less than two-thirds of the property’s appraised value. In that scenario,, the Owner gets six more months to redeem.

All sales occur in-person with Kentucky Tax Sales. Tax Sales start in July and run through October. Many counties use the random selection method. The counties also tend to sell liens in lots, which leaves the individual investor out in the cold. For counties with few lien certificates the lots may be in sizes up to five liens. However, in populous counties, the lots could be as large as 50 liens at a time. the state reserves this for counties with 7500 lien certificates or more than. Kentucky also does not allow over-the-counter sales. For these reasons I give him a score of 2/5

An Awesome Resource for Tax Sale Investors

Something else that I’d like to mention. Recently, I released a 259-page book. The title is The Ultimate Dictionary of Real Estate Terms. If you plan to attempt investing in Kentucky tax sales then this book is a MUST HAVE! Scouring the Internet, I worked with other authors’ books. Now, I deliver you guys a reference that has defined more than 4300 terms related to real estate. It’s available at Amazon and Barnes & Noble and about 200 other retailers. The price is around $20 but at the end of this post, I will show you how you can get it for free.

If you would like to have Kentucky Tax Sales explained even more,

Click on one of the links below:

For the Tax Sales Course

Click Here:

Ultimate Tax Sales Course

Interested in Other States?

Click Here:

State Tax Sales Map

To Get the FREE State Worksheet

Click Here:

FREE State Worksheet

For the Ultimate Real Estate Dictionary

Click Here:

Ultimate Real Estate Dictionary

For the Tax Sales Course

Click Here:

Ultimate Tax Sales Course

Interested in Other States?

Click Here:

State Tax Sales Map

To Get the FREE State Worksheet

Click Here:

FREE State Worksheet

For the Ultimate Real Estate Dictionary

Click Here:

Ultimate Real Estate Dictionary

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.

Kentucky Tax Sales Explained