Allan Susoeff here. 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 Nebraska Tax Sales.
 
This post features NebraskaTax Sales Explained, A video posted on YouTube on April 26, 2020.

Nebraska Tax Sales Explained

Nebraska has 93 counties and is a lien state. They have a 14% interest rate and interestingly their accrual rate is daily not monthly like most states that have an interest rate. They have a three year redemption period and use rotational bidding.

 

Nebraska Lien Auction Facts

Douglas County has its auction online on www.realauction.com. All other county auctions are on location.
 
Sales happen on the first Monday in March statewide.
 
Tax deed sales may also happen at the county’s discretion.
 
 
Rotational bidding has good and bad points. If you’re at the auction you’re going to get a chance to buy a lien no matter what. But they are running down the list in the order of the bid numbers. Just because you will have a chance does not mean you’re going to get the chance to buy the lien you want. So it’s good on one side; particularly when you’re dealing with institutional bidders. And not so good on the other side since it’s hard to control which properties you will be bidding on.
Nebraska’s largely rural state. I’m not much into agricultural property. I know that there’s a possibility that I will get the property back when an owner doesn’t redeem. For that reason, I only give Nebraska Tax Sales a 3 out of 5.
 
Feel Free to check them out though. With the 14% interest rate that accrues daily, you may find some pretty good deals. You might give them a 4 out of 5. Let me know how it goes.

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For the Ultimate Real Estate Dictionary

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For the Tax Sales Course

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Interested in Other States? 

Click Here:

To Get the FREE State Worksheet

Click Here:

For the Ultimate Real Estate Dictionary

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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.