From 9% to 0%: Jackson County’s Bid-Down Tax Lien Strategy

Ready to Invest in Community Growth? Join the Jackson County Tax Lien Sale and Reap the Benefits of Your Investment! Jackson County, Illinois, offers an annual Tax Lien Sale, giving investors an opportunity to earn returns by purchasing delinquent property taxes. This process not only benefits the investors but also supports the community by ensuring tax revenues are collected.

Understanding the Process

In Jackson County, the annual tax lien sale allows investors to bid on delinquent property taxes, not the properties themselves. The bidding starts at an interest rate of 9% and can go down to 0%. If you win the bid, you pay the owed taxes for that year. When the property owner pays back these taxes, you’ll receive the amount you paid plus the interest rate you bid. If the owner doesn’t repay within 30 months, you can petition the court for a tax deed, potentially acquiring the property at a fraction of its market value.

Key Details and Links

Detail	Information
Tax Sale Type	Tax Lien
Typical Sale Date	January
Redemption Period	30 months
Interest Rate	0-9% per year
Bid Procedure	Bid Down
Contact for Sale Info	Treasurer’s Office, Phone: 618-687-7350
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Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months Interest Rate / Penalty: 12% on Liens Redemption Period: 18 Months on Liens Online Auction: No Over the Counter: No Statute: West Virginia Code 11a Article 3 Click here to learn more about West Virginia Tax Deeds and Tax Liens × Type: Hybrid – Both Bidding Process: Premium on Deeds Frequency: Annually Throughout the Year Interest Rate / Penalty: 18% With Bid Down Redemption Period: 1 Year on Liens but Not Targeted for Individual Buyers Online Auction: No Over the Counter: No Statute: Ohio Revised Code Section 5721.30 Click here to learn more about Ohio Tax Liens and Tax Deeds × Type: Hybrid – Both Bidding Process: Liens – Bid Down the Interest Rate. Deed – Premium Frequency: Throughout the Year Per County Discretion Interest Rate / Penalty: 18% Redemption Period: 2 Years Online Auction: Yes Over the Counter: Yes Statute: Florida Statutes Chapter 197 Click here to learn more about Florida Tax Liens and Tax Deeds × Type: Redeemable Deed Bidding Process: Premium Frequency: Monthly on First Tuesday on the Month in Most Counties Interest Rate / Penalty: N/A Redemption Period: 1 Year With 20% Penalty + 10% for Each Subsequent Year Until Foreclosure Is Filed Online Auction: No Over the Counter: No Statute: Georgia Code Title 48 Ch 4 Article 1 Click here to learn more about Georgia Tax Deed × Type: Redeemable Deed Bidding Process: Premium Frequency: Annually in Fall Interest Rate / Penalty: 3% Per Quarter Capped at 12% Annually Redemption Period: 1 Year Online Auction: No Over the Counter: No Click here to learn more about South Carolina Redeemable Deed × Type: Tax Lien Certificate Bidding Process: Premium Frequency: Varies Interest Rate / Penalty: 12% Redemption Period: 1 Year Online Auction: No Over the Counter: No Statute: Rhode Island Code Chapter 44-9-1 Notes: Sales Handled by Municipality, Not County Click here to learn more about Rhode Island Tax Lien Certificates × Type: Tax Deed Bidding Process: Premium Frequency: Annually, Between July and Nov Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: Yes Over the Counter: Yes, “Surplus” Statute: Michigan General Property Tax Public Act 206 of 1983 Click here to learn more about Michigan Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Varies on as Needed Basis Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: Yes Statute: 2016 Minnesota Statutes Chapter 282 Click here to learn more about Minnesota Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually on the Third Tues in Nov Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: Yes, on County Basis Click here to learn more about North Dakota Tax Deed × Type: Tax Lien Certificate Bidding Process: Random Selection Process in Lieu of Bid Down Ownership Interest Frequency: Annually 3rd Monday of June Interest Rate / Penalty: 24% Redemption Period: 2 Years Online Auction: No Over the Counter: No Statute: Iowa Code Chapter 446 Click here to learn more about Iowa Tax Lien × Type: Tax Lien Certificate Bidding Process: Varies by County Frequency: Annually in May – June Interest Rate / Penalty: Varies by County. Anywhere Between 8% – 20% Redemption Period: 6 Months Online Auction: Some Over the Counter: Statute: General Assembly of Maryland 14-833 Click here to learn more about Maryland Tax Lien × Type: Tax Lien Certificate Bidding Process: Sealed Bid First Come First Serve Basis but Must Be Present Frequency: Annually – Varies Throughout Year Interest Rate / Penalty: 12% Redemption Period: 1 Year Online Auction: No Over the Counter: No Statute: Kentucky Rev Statute Ch 134 Art 420 Click here to learn more about Kentucky Tax Lien × Type: Tax Deed Bidding Process: Premium Frequency: Annually – Varies Throughout Year Interest Rate / Penalty: N/A Redemption Period: No but They Can Challenge Validity of Sale for 1 Year Online Auction: Yes – Most Counties Over the Counter: No – ‘ReOffer Sales’ Though Statute: Ca. Rev & Taxation Code Div 1 Part 6 Click here to learn more about California Tax Liens and Tax Deeds × Type: Tax Lien Certificate Bidding Process: Bid Down the Interest Rate Frequency: Annually – Varies Throughout Year Interest Rate / Penalty: 36% Redemption Period: 2 to 2 1/2 Years Depending on Classification of Property Online Auction: No Over the Counter: Statute: 35 ILCS 200/21 Click here to learn more about Illinois Tax Liens and Tax Deeds × Type: Tax Lien Certificate Bidding Process: Ownership Interest Bid Down Frequency: Yearly in May-June; Deeds: Monthly Interest Rate / Penalty: 12% + 5% Penalty Redemption Period: 3 Years Online Auction: Yes Over the Counter: No Statute: Louisiana Revised Statute 47-2157 Click here to learn more about Louisiana Tax Liens and Tax Deeds × Type: Tax Deed Bidding Process: First Come, First Serve Basis via Sealed Bid Frequency: Varies by Burrough Preferences Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: Yes Statute: Alaska Statutes 29.45 Sec 320 Click here to learn more about Alaska Tax Deed × Type: Tax Lien Certificate Bidding Process: Premium Frequency: Varies Based on Supply Interest Rate / Penalty: 12% Redemption Period: 1 Year Online Auction: No Over the Counter: No Statute: Vermont Statutes Title 32 Ch 133-9 Notes: Overbid Does Not Get Returned and Does Not Earn Interest. However, Tax Sales Are Very Rare in Vermont Click here to learn more about Vermont Tax Lien × Type: Tax Lien Certificate Bidding Process: Premium Frequency: 3rd Monday Yearly in Dec Interest Rate / Penalty: 12% Redemption Period: 3 Years + 60 Days Online Auction: No Over the Counter: No Statute: South Dakota Statutes Title 10 Chapter 20 Notes: Tax Lien Sales Are Not Common in SD Click here to learn more about South Dakota Tax Lien Certificates × Type: Tax Lien Certificate Bidding Process: Bid Down the Interest Rate + Premium Frequency: Annually Throughout the Year Interest Rate / Penalty: 18% + 2%-6% Penalty and 8% – 18% on Subs Depending on the Amount Redemption Period: 2 Years Online Auction: Some Over the Counter: Yes Statute: New Jersey Statutes Title 54 Ch 5 Click here to learn more about New Jersey Tax Lien × Type: N/A Bidding Process: N/A Frequency: N/A Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: N/A Over the Counter: N/A Statute: 2016 New Hampshire Rev Stat 5-80 Click here to learn more about New Hampshire Tax Lien × Type: Tax Lien Certificate Bidding Process: “Rotational” Bidding System Frequency: Annually in March Interest Rate / Penalty: 14% Redemption Period: 3 Years Online Auction: Only Douglas County Over the Counter: Yes Statute: Nebraska Statue 77-1801 Click here to learn more about Nebraska Tax Lien × Type: Tax Lien Certificate Bidding Process: By Assignment via First Come First Serve Basis With Legal Requirements by Investor Frequency: Annually in July Interest Rate / Penalty: 10% + 2% Penalty Redemption Period: 3 Years Online Auction: No Over the Counter: No Statute: Montana Code Ann 2015 Sec 15-16-301 Click here to learn more about Montana Tax Lien × Type: Tax Lien Certificate Bidding Process: Premium “Overbid” Frequency: Annually in Aug Interest Rate / Penalty: 10% With 8% on Subsequent Years Redemption Period: 1 Year Online Auction: Few Over the Counter: No Statute: Missouri General Assembly Ch 140 Notes: Must Be a State Resident to Bid at Lien Sales. City of St Louis and Jackson County Use Different Process (Tax Deeds) Click here to learn more about Missouri Tax Lien × Type: Tax Lien Certificate Bidding Process: Premium “Overbid” Frequency: Annually, Apr or Aug Interest Rate / Penalty: 18% Redemption Period: 2 Years Online Auction: Some Over the Counter: No Statute: Mississippi Code Sec 27-41-49 to 27-41-89 Click here to learn more about Mississippi Tax Lien × Type: Tax Lien Certificate Bidding Process: “Overbid” (Premium) Frequency: Annually Sometime in the Fall Interest Rate / Penalty: 10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest. Redemption Period: 1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period Online Auction: Yes Over the Counter: No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days Statute: Indiana Code 6-1.1-25 Click here to learn more about Indiana Tax Liens and Tax Deeds × Type: Tax Lien Certificate Bidding Process: Premium Frequency: Annually in Fall Interest Rate / Penalty: 9 Points Above Federal Discount Rate (Prime) Redemption Period: 3 Years Online Auction: Yes Over the Counter: Yes Statute: Colorado Revised Statutes 39-1-102 Click here to learn more about Colorado Tax Lien × Type: Tax Lien Certificate Bidding Process: Bid Down the Interest Rate Frequency: Annually in February Interest Rate / Penalty: 16% Redemption Period: 3 Years Online Auction: Yes – Not All Counties. Various Sites. Largest County Is Maricopa County Over the Counter: Yes – Liens Only Statute: Arizona Statute Title 42, Ch 18, Art 3 Click here to learn more about Arizona Tax Lien × Type: Tax Lien Certificate Bidding Process: Premium Frequency: Annually In Apr-May-Jun Interest Rate / Penalty: 12% Redemption Period: 3 Years Online Auction: No Over the Counter: Yes Statute: Code of Alabama 1975, Sec 40, Ch 10 Click here to learn more about Alabama Tax Lien × Type: Tax Lien Certificate Bidding Process: Random Selection Frequency: Annually in Jul – Sep Interest Rate / Penalty: 15% + 3% Penalty Redemption Period: 4 Years Online Auction: No Over the Counter: No Statute: Wyoming Statutes Title 39 Chapter 13 Click here to learn more about Wyoming Tax Lien × Type: Tax Deed Bidding Process: Premium Frequency: Varies as Needed Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: No Statute: Wisconsin State Statutes Sec 75.69 Click here to learn more about Wisconsin Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually Later in the Year Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: Many Over the Counter: No Statute: Washington State RCW 84.64 Click here to learn more about Washington Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually – Varies Throughout Year Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: No Statute: Code of Virginia 58.1-3965 Click here to learn more about Virginia Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually in May Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: No Click here to learn more about Utah Tax Deed × Type: Redeemable Deed Bidding Process: Premium Frequency: Monthly on the First Tuesday of the Month Interest Rate / Penalty: 25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year Redemption Period: 6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties Online Auction: The Vast Majority No, but in 2019, Two Counties (Victoria & Orange) Over the Counter: Sealed Bid for “Struck Off” Properties Statute: Texas Tax Code 1-E-24A Click Here to Learn More About Texas Redeemable Deeds × Type: Tax Deed Bidding Process: “Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished Frequency: Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale. Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: Very Few Over the Counter: Yes Through “Repository” List With County Acceptance Statute: Pennsylvania Statutes Title 72-5860 Click here to learn more about Pennsylvania Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually in Spring or Summer Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: No Statute: Oregon Statutes Chapter 312 Click here to learn more about Oregon Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually in June Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: Yes but County by County Statute: Oklahoma Statutes Title 68, Sec 3000 Click here to learn more about Oklahoma Tax Deed × Type: Tax Deed Bidding Process: Multiple Step Process. 1) Tax Foreclosure Sale With Premium Bidding but 10-day “Upset Bid” Period. Then Subsequent Sale, Then Surplus Frequency: Annually – Varies Throughout Year Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: Yes – “Surplus” Statute: North Carolina General Statutes 105-374 Click here to learn more about North Carolina Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually Throughout the Year Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: No Statute: New Mexico Statutes Chapter 7 Article 38 Click here to learn more about New Mexico Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually – Varies Throughout Year Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: Only Pershing County Over the Counter: No Statute: Nevada Revised Statute 361.585 Click here to learn more about Nevada Tax Deed × Type: Tax Deed Bidding Process: Oral or Sealed Bid – Premium Frequency: Varies Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: No Statute: Maine Revised Statute Title 36 Part 2 Click here to learn more about Maine Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Varies by County & as Needed Depending on Number of Properties Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: No Statute: Kansas Statute Article 21 Ch 79-2101 Click here to learn more about Kansas Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually in May or Varied Based on Number of Properties Interest Rate / Penalty: N/A Redemption Period: N/A Online Auction: No Over the Counter: Only a Few Counties Statute: Idaho Code Sec 63-100 to 63-101 Click here to learn more about Idaho Tax Deed × Type: Tax Deed Bidding Process: Premium Frequency: Annually Typically During Summer Months Interest Rate / Penalty: N/A Redemption Period: 30 Day Redemption Period & 90 Day Litigation Period Online Auction: No Over the Counter: Yes Statute: Arkansas Code Sec 26-37-101 Click here to learn more about Arkansas Tax Deeds ×