Alabama

In State Info by TSL Admin


Primary Sale Type:Tax Lien Certificatealabama
Secondary Type(s):Tax Deed (where available)
OTC
Sale Date(s):Annually: April - May
Bid Type:Premium Bidding
Rate of Return:12% per annum (Liens)
Redemption Period:3 years from date of sale (Liens)
Over-the-Counter:www.revenue.alabama.gov
Statute Section(s):Code of Alabama Sections 40-10-1 through 40-10-198, Articles 1-7
State Website:www.alabama.gov

State Overview:

There are 67 counties in Alabama.

County Directory

The two most populous areas in Alabama are Jefferson (658,000+) and Mobile (412,000+) County.

Search Demographics:

Alabama is a tax lien certificate state, but also offers tax deeds in selected counties. Tax sales are usually conducted in or in front of the county courthouse building or any other county owned buildings. Investors will need to register prior to the auction, although most counties will allow you to register the day of the auction. Upon registration investors will be given a bidding number which will be used in the auction.

Auction Process / Redemption:

Tax sales are usually conducted in or in front of the county courthouse building or any other county owned buildings. Investors will need to register prior to the auction, although most counties will allow you to register the day of the auction. Upon registration investors will be given a bidding number which will be used in the auction. Tax liens are purchased with a 3 year redemption period, and a 12% interest rate of return annually or 1% per month. Some counties pay interest on both the minimum and premium bid amounts. The majority of the counties use a 'Premium Bidding' system when auctioning liens.

Alabama Over-the-counter : Over-the-counter in Alabama is handled on the state level it is called "sold to state", and they offer both tax liens and tax deeds. You can also contact the Commissioner of Revenue for the state to see if there are any liens that did not sell on the county level: Alabama Department of Revenue Property Tax Division P.O. Box 327210 Mongomery, AL 36132-7210.In Alabama the office responsible for collecting delinquent real property taxes is a state government office. If the state has held a Certificate of Sale less than three years from the date of sale by the county tax collection official, the Certificate will be assigned to the purchaser. If the property is not redeemed by the three year anniversary of the sale to the State, the Certificate holder can surrender the original assigned Certificate to the county redemption official and receive a tax deed upon payment of a nominal issuance fee.

If the State has held a Certificate of Sale more than three years from the date of sale by the county tax collection official, a tax deed will be issued to the purchaser by the State. Tax deeds are given without warranty or covenant of any type; it is the purchaser's responsibility to determine what, if any, interest in the property is actually being purchased. No refunds are made unless the State had no interest to sell, and then only within two years from the purchase date.

State Resources:

www.city-data.com
www.naco.org