Welcome to another episode of AskAlHow. I’m your host Allan Susoeff. 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 Missouri Tax Sales.

This post features Missouri Tax Sales Explained, A video posted on YouTube on April 22, 2020.
 

Missouri Tax Sales Explained

Missouri.has 114 counties and is a lien state. They pay 10% interest and use premium bidding auction styles. The redemption period is one year.
 

 

If the owner redeems the lien. In Missouri Tax Sales your original investment will earn simple interest at the rate of 10% per annum. Note that this is on the tax & costs part. You receive no interest on the premium. The premium is the part of the investment in excess of the taxes and costs.
 
To bid at a tax sale in Missouri, you must be a resident of the county. If not, You will have to have a Registered Agent to bid on your behalf.
 
Sometimes the property does not redeem during the 1-year redemption period. When this happens the holder of the lien has a few responsibilities. The investor will need to provide an affidavit to the tax collector. verifying that he made the proper notification. He will have to show a complete title search for the property. This extinguishes all liens, except for federal liens. The owner receives a “Collector’s Deed”.
 
Auctions are the fourth Monday in August. Missouri Tax Sales offers no over-the-counter deeds or liens. For that reason and for the reason of having the extra pain of a registered agent I only give Missouri a 2 out of 5.

 

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For the Ultimate Real Estate Dictionary

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For the Tax Sales Course

Click Here:

Interested in Other States? 

Click Here:

To Get the FREE State Worksheet

Click Here:

For the Ultimate Real Estate Dictionary

Click Here:

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.