Tennessee

In State Info by TSL Admin


Primary Sale Type: Redeemable Tax Deed
tennessee
Secondary Type(s): OTC
Sale Date(s): Varies: set by taxing jurisdiction
Bid Type: Premium Bidding
Interest Rate: 10% per annum
Redemption Period: 1 year from date of sale
Over-the-Counter: Deed
Statute Section(s): Tennessee Code Title 67
State Website: www.tennessee.gov

State Overview:

There are 95 counties in Tennessee.

County Directory

The two most populous areas in Tennessee are Shelby (897,000+) and Davidson (569,000+) County.

Search Demographics:

Tennessee is classified as a Tax Deed state. Tax Deeds purchased in Tennessee are still subject to a redemption period, making them Redeemable Tax Deeds. Sale dates vary and are set by the local tax collector. OTC properties are also available, and are usually called 'County Surplus Properties'.

Auction Process / Redemption:

The court shall order a sale of the land for cash, subject to the equity of redemption. Parcels are won using the 'Premium Bid' method and are subject to a redemption period of 1 year from the date of sale. The parcel will accrue 10% interest if redeemed by the landowner in this alloted time. If no one bids on a property, the clerk shall bid, acting for the state; after the period of redemption has elapsed, it shall be the duty of the county mayor to arrange to sell every tract of such land as expeditiously and advantageously as possible.

State Resources:

Resource Description Instructions and Additional Information
Tennessee County Service Association Links to county websites, if such exists. NA
Tennessee Comptroller of the Treasury, Division of Property Assessment Contact information for all 95 county trustees and Assessors. NA
Tennessee Real Estate Assessment Data Select County for assessment information. NA
US Title Search Subscription-bases records (deeds) search site. NA
Tennessee County Trustee Associaton The Tennessee County Trustee's Association has links to many counties' trustee sites and other assessment data search tools. NA