|Sale Type:||Tax Lien Certificate|
|Sale Date(s):||Annually: 3rd Monday in June
|Bid Method:||Varies: set by county|
|Interest Rate:||24% per annum / 2% per month|
|Redemption Period:||2 years from date of sale
|Statute Section(s):||Code of IA - Title X , CH 446 - 448|
The two most populous areas in Iowa are Polk (374,000+) and Linn (191,000+) County.
Iowa is classified as a Tax Lien Certificate state. On the third Monday in June of each year, the County Treasurer will conduct a public sale of all the parcels that are delinquent on their property taxes. Any parcels not bid on will be reoffered as many times as necessary following the annual June sale, at a 'Public Bidder' sale. The tax sale is conducted as an oral public auction, although bids may also be mailed.
Auction Process / Redemption:
In the statutes, Iowa law states that the bid method used is suppose to be 'Bid Down Ownership' of a property (although many counties use random selection and rotational bidding.)
|Resource||Description||Instructions and Additional Information|
|State of Iowa website||Links to county websites.||NA|
|Iowa State Association of Counties website||Contact information and websites, if such exists, for all 99 County Treasurers (plus other county officials in MSN Word document format.)||NA|
|Iowa State County Treasurers Association website||Contact information for all 99 County Treasurers.||NA|