South Carolina is a decent state for tax lien certificate sales. Here is a summary of information for tax sales in South Carolina:
Interest Rate
7% or 8% first depending on sales procedures used, 4% penalty is added the second year so up to 12% is possible
Redemption Period
1 year to 18 months
South Carolina tax lien certificate auctions
Most county tax lien sales are in October
South Carolina tax deed sales
South Carolina is not known for tax deed sales
Bidding Process
All tax lien auctions are by competitive bid. Money must be paid by the end of the day or you can be fined up to $300 dollars.
State Specific Information
South Carolina is a decent tax lien state because property redemptions periods are short and in the second year, the 4 percent penalty makes the total return above 10 percent.
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