Nebraska

In State Info by TSL Admin


Primary Sale Type: Tax Lien Certificate
nebraska
Secondary Type(s): OTC Lien
Sale Date(s): Annually: 1st Monday in March
Bid Type: Bidding-Down-Ownership
Rate of Return: 14% per annum
Redemption Period: 3 years from date of sale
Over-the-Counter: Lien
Statute Section(s): NE Revised Statutes - CH 77, Articles 18 & 19
State Website: www.nebraska.gov

State Overview:

There are 93 counties in Nebraska.

County Directory

The two most populous areas in Nebraska are Douglas (463,000+) and Lancaster (250,000+) County.

Search Demographics:

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:

The annual tax sale is typically conducted at public oral auction. The winning bidder is determined through the 'Bid Down Ownership' system. All certificates awarded are subject to a 3 year redemption period, earning 14% interest per annum. The certificate holder may no longer take action to foreclose upon the expiration of 3.5 years from the date of sale, allowing only 6 months to apply for tax deed.

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.

State Resources:

Resource Description Instructions and Additional Information
Nebraska Department of Property Assessment and Taxation Assessor's appraisal data. NA