Investing in Polk County Tax Certificates and Deeds for Awesome Returns

Are you ready to learn how to earn up to 18% returns through Florida’s tax certificate sales?

Polk County is one of the fastest-growing counties in Florida and ranks seventh in the United States. Young families are moving to the area, creating a significant advantage for real estate investors. Polk County’s better quality of life, lower crime rates, reduced traffic, and rich access to art and culture make it an appealing location for owning property through tax deeds.

Understanding Tax Certificates and Tax Deeds

Tax Certificates:

• Represent a financial claim against a property due to unpaid taxes.

• Not an outright sale of the property.

• Investors earn interest on the property’s tax debt.

• The bidding process starts with an 18% interest rate and uses a ‘Bid Down’ method.

• It is held once a year with a two-year redemption period.

• When the property owner doesn’t repay the taxes within two years, the county sends the property to a deed auction.

Tax Deeds:

• Public sale of properties with unpaid taxes to the highest bidder.

• Direct transfer of property ownership.

• There is no redemption period after the auction.

• Uses a ‘Premium Bid’ method with a 5% deposit or a $200 minimum.

Steps to Start Tax Lien or Tax Deed Investing in Polk County

Research and Understand Local Laws

• Knowing the legal framework is crucial. Polk County has specific regulations for tax sales.

Visit the Local Treasurer’s Website

• For tax lien information, visit the Polk County Tax Collector’s Office.

Check the Auction Site

• Polk County uses RealTaxLien for tax certificate auctions and RealTDA for tax deed auctions.

Read the Details

• Familiarize yourself with the sale schedules, parcel inquiries, and other essential details on the county’s website.

Contact the County Office

• For any additional inquiries, contact the Polk County Tax Collector or the Polk County Clerk of the Circuit Court & Comptroller.

Important Details for Polk County

Tax Lien Certificates:

• Sale Date: June

• Redemption Period: 2 years

• Interest Rate: 18%

• Bid Procedure: Bid Down

Tax Deed Sales:

• Sale Date: Every month

• Redemption Period: None

• Interest Rate: None

• Bid Procedure: Premium Bid

• Deposit: 5% of the bid or $200

Pro Tips

• Keep Tabs on Updates: Regularly check online and local tax sale newspaper updates. Sign up for email updates and newsletters to stay ahead of upcoming sales and prime investment opportunities.

Useful Links

• Polk County Official Site
• Polk County Tax Collector’s Office
• Polk County Clerk of the Circuit Court & Comptroller
• Tax Certificate Auction Site
• Tax Deed Auction Site

Frequently Asked Questions

Q: What is a tax lien certificate?

A: A tax lien certificate is a claim against a property for unpaid taxes, allowing the investor to earn interest until the debt is paid off.

Q: How often are tax deed auctions held in Polk County?

A: Tax deed auctions are held every month.

Q: What is the interest rate for tax lien certificates in Polk County?

A: The interest rate starts at 18%.

Q: Is there a redemption period for tax deed sales?

A: No, there is no redemption period for tax deed sales.

Q: What is the minimum deposit required for tax deed auctions?

A: A 5% deposit of the bid or a minimum of $200 is required.

Need more help? Check out our free Tax Lien & Deed Mini Course or book a call with us for a customized investing plan.

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