Statutory Returns
50-State Tax Sale Statutory Interest Rates
Tax lien certificates and redeemable deeds offer state-mandated statutory interest yields ranging from 8% to 36% annually. Review statutory maximum rates, auction mechanisms, and redemption timelines.
Top Penalty Rate
36% Max
Illinois (18% every 6 months bi-annual penalty, bid-down auction format).
Fixed High Yield
24% Annually
Iowa (2% per month fixed statutory interest rate under Iowa Code § 447.1).
High Volume Market
18% Max
Florida (18% bid down to 0.25%, guaranteed 5% minimum floor on certificates).
50-State Statutory Comparison Table
Data sourced from official state tax codes and statutes.
| State | System Type | Statutory Rate | Redemption Period | OTC Available | Directory |
|---|---|---|---|---|---|
| Alabama | Hybrid | 12% Annual Statutory Interest | 3 Years from Tax Sale Date | None | View Counties → |
| Alaska | Deed | Foreclosure Action (No Liens) | 1 Year Statutory Redemption | None | View Counties → |
| Arizona | Lien | Up to 16% Annual Bid-Down Interest | 3 Years from Date of Sale | None | View Counties → |
| Arkansas | Deed | Direct Tax Deed Auction | Post-Sale Limited Redemption | None | View Counties → |
| California | Deed | Direct Deed Auction to Highest Bidder | None (Deed Conveyed Immediately Upon Payment) | None | View Counties → |
| Colorado | Lien | 9% Over Federal Reserve Discount Rate (typically 12-15%) | 3 Years (Post-Tyler v. Hennepin Fair Market Deed Rules) | None | View Counties → |
| Connecticut | Hybrid | 18% Annual Interest (1.5% per month) | 6 Months Statutory Redemption | None | View Counties → |
| Delaware | Hybrid | 15% to 20% Redemption Penalty | 60 Days to 1 Year (Monition Sales) | None | View Counties → |
| District of Columbia | Lien | 18% Annual Statutory Interest (1.5% per month) | 6 Months to Foreclose Right of Redemption | None | View Counties → |
| Florida | Hybrid | Up to 18% on Liens (Min. 5% mandatory floor) | 2 Years for Lien; None post-Deed sale | None | View Counties → |
| Georgia | Hybrid | 20% Statutory Penalty (1st year, +10% year 2) | 12 Months Mandatory Redemption Period | None | View Counties → |
| Hawaii | Hybrid | 12% Annual Statutory Penalty | 1 Year Statutory Redemption | None | View Counties → |
| Idaho | Deed | Direct Tax Deed Auction | None (County takes title after 3 years pre-sale delinquency) | None | View Counties → |
| Illinois | Lien | Up to 18% Bid-Down Every 6 Months (Max 36% Year 1) | 2 to 2.5 Years (Extended to 30 Months for Residential) | None | View Counties → |
| Indiana | Lien | 10% to 15% Statutory Return (+5% on Overbid) | 1 Year (Tax Sale) / 120 Days (Commissioner Certificate) | None | View Counties → |
| Iowa | Lien | 24% Annual Statutory Interest (2% per Month) | 1.75 to 3 Years before 90-Day Notice of Expiration | None | View Counties → |
| Kansas | Deed | Judicial Foreclosure Deed Sale | None Post-Sale (Court Confirmation Finalizes Title) | None | View Counties → |
| Kentucky | Lien | 12% Annual Statutory Interest + Attorney Fees | 1 Year before Foreclosure Filing | None | View Counties → |
| Louisiana | Hybrid | 12% Annual Interest (1% monthly) + 5% Penalty | 3 Years Statutory Redemption (18 Months for Blighted) | None | View Counties → |
| Maine | Hybrid | Municipal Statutory Rate (~7% - 9%) | 18 Months Automatic Mortgage Foreclosure | None | View Counties → |
| Maryland | Lien | 6% to 20% Annual Interest (Set by each County) | 6 Months to 2 Years before Foreclosure | None | View Counties → |
| Massachusetts | Lien | 16% Statutory Interest (14% on tax, 16% on taking) | 6 Months before Land Court Foreclosure Petition | None | View Counties → |
| Michigan | Deed | Judicial Foreclosure Deed Sale | None Post-Sale (Circuit Court Foreclosure) | None | View Counties → |
| Minnesota | Deed | Tax Forfeiture Auction | None Post-Sale (3 Years Pre-Sale Redemption) | None | View Counties → |
| Mississippi | Lien | 18% Annual Interest (1.5% per Month) | 2 Years Statutory Redemption | None | View Counties → |
| Missouri | Hybrid | 10% Statutory Return (+8% on overbid) | 1 Year on 1st/2nd Offering; Immediate on 3rd Offering | None | View Counties → |
| Montana | Lien | 10% Annual Statutory Interest + 5% Penalty | 2 to 3 Years before Tax Deed Application | None | View Counties → |
| Nebraska | Lien | 14% Statutory Interest Rate | 3 Years from Date of Sale | None | View Counties → |
| Nevada | Deed | Direct Tax Deed Auction | None (Deed Conveyed upon Confirmation of Sale) | None | View Counties → |
| New Hampshire | Lien | 14% Annual Statutory Interest (18% pre-lien) | 2 Years from Tax Lien Execution Date | None | View Counties → |
| New Jersey | Lien | Up to 18% Statutory Interest (Bidding Down to 0% + Premium) | 2 Years (6 Months for Municipal Certificates) | None | View Counties → |
| New Mexico | Deed | Direct Tax Deed Auction | None Post-Sale (Title Issued Immediately) | None | View Counties → |
| New York | Deed | Judicial / In Rem Tax Foreclosure Auction | None Post-Sale (Full Title Issued) | None | View Counties → |
| North Carolina | Deed | Direct Foreclosure Deed with Upset Bids | 10-Day Upset Bid Window after Public Auction | None | View Counties → |
| North Dakota | Deed | Direct Tax Deed Auction | None (Annual November Auction Finalizes Title) | None | View Counties → |
| Ohio | Deed | Direct Foreclosure Sheriff Auction (Lien sales in large metros) | None Post-Confirmation (Sheriff Sale) | None | View Counties → |
| Oklahoma | Deed | 8% Statutory Return on Initial Lien; Deed Resale Direct | None Post-Resale (Conveys Clear Title) | None | View Counties → |
| Oregon | Deed | Judicial Foreclosure Deed Sale | None Post-Sale (2 Years Pre-Sale Statutory Period) | None | View Counties → |
| Pennsylvania | Deed | Direct Tax Deed Auction | None Post-Sale (Free and Clear Title at Judicial Sale) | None | View Counties → |
| Rhode Island | Hybrid | 10% to 16% Statutory Penalty Rate | 1 Year Statutory Redemption Period | None | View Counties → |
| South Carolina | Hybrid | 3% to 12% Penalty (Compounded quarterly up to 12%) | 12 Months Mandatory Redemption Period | None | View Counties → |
| South Dakota | Lien | 10% Statutory Return Rate | 3 Years before Tax Deed Taking | None | View Counties → |
| Tennessee | Hybrid | 12% Annual Statutory Interest (1% monthly) | 3 Months to 1 Year (depending on vacancy) | None | View Counties → |
| Texas | Hybrid | 25% Statutory Penalty in Year 1 (50% in Year 2) | 6 Months (Non-Homestead) / 2 Years (Homestead/Ag) | None | View Counties → |
| Utah | Deed | Direct Tax Deed Auction | None Post-Sale (Annual May/June Auction) | None | View Counties → |
| Vermont | Hybrid | 12% Annual Statutory Penalty (1% monthly) | 1 Year Statutory Redemption Period | None | View Counties → |
| Virginia | Deed | Direct Judicial Deed Sale | None Post-Sale (Circuit Court Decree) | None | View Counties → |
| Washington | Deed | Direct Tax Deed Auction | None (Deed Conveyed Promptly Upon Sale) | None | View Counties → |
| West Virginia | Lien | 12% Annual Statutory Interest | 18 Months to File for Tax Deed | None | View Counties → |
| Wisconsin | Hybrid | 12% to 18% Annual Interest (1% - 1.5% monthly) | 2 Years from Certificate Issuance Date | None | View Counties → |
| Wyoming | Lien | 15% Statutory Return (18% if redeemed in year 2+) | 4 Years before Tax Deed Application | None | View Counties → |