|Primary Sale Type:||Tax Lien Certificate|
|Secondary Type(s):||OTC Lien|
|Sale Date(s):||Annually: 1st Monday in March|
|Rate of Return:||14% per annum|
|Redemption Period:||3 years from date of sale|
|Statute Section(s):||NE Revised Statutes - CH 77, Articles 18 & 19|
The two most populous areas in Nebraska are Douglas (463,000+) and Lancaster (250,000+) County.
Nebraska is classified as a Tax Lien Certificate State. The local treasurer is responsible for conducting the annual sale on the 1st Monday in March. Any parcels not bid on at said sale will be available as county held OTC certificates anytime after the conclusion of the sale.
Auction Process / Redemption:
Nebraska works similarly to Iowa when it comes to the bid method, according to state law they have a 'Bid Down Ownership' method. Although many of the counties may choose to use the 'Random Selection' or 'Rotational Bid' method.
|Resource||Description||Instructions and Additional Information|
|Nebraska Department of Property Assessment and Taxation||Assessor's appraisal data.||NA|