Texas does not have tax lien certificate sales. However, Texas is an excellent state for tax deed sale. Here is summary of information for Texas Tax Sales:
Interest Rate
25% for the first six months on tax deed properties that are redeemed by the owner
Redemption Period
Texas actually has two redemption periods, for properties to enter the tax deed process, the redemption period can be as soon as one year, but varies a great deal, usually 2 years. However, after a property is sold at a tax deed sale, the owner still gets 6-months to redeem the property before you can obtain clear title.
Texas tax lien auctions
Texas does not have tax lien certificate auctions
Texas tax deed sales
Texas is possibly the best state for tax deed sales
Bidding Process
All auctions are by competitive bid. Surprisingly, private law firms and sheriffs handle the sales
State Specific Information
Texas is probably one of the most famous tax deed states because in some cases many properties are available and if the owner redeems (buys back the property before a certain date, usually six months after the tax deed is sold) the property, you still get paid 25% on your investment in the property.
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