Seizing Financial Growth in Henry County: 54% Returns in Three Years!
Henry County, Illinois, offers an exciting opportunity for real estate investors looking for secure, high-return options through its annual tax lien sales. Investors can earn up to 54% return in just three years, making it one of the most attractive counties for tax lien investing.
How Tax Lien Sales Work in Henry County
When property owners in Henry County fail to pay their property taxes, a tax lien is placed on their property. These liens are then auctioned off to investors. The buyer of the lien pays the unpaid taxes on behalf of the property owner and, in return, earns interest and penalties as the property owner works to redeem the property.
In Henry County, the interest rate on tax liens starts at 18% annually, and interest continues to accrue every six months until the property owner redeems the lien or the redemption period expires. The redemption period is 30 months for most properties (24 months for commercial or vacant properties), and after that period, the tax lien holder can apply for a tax deed, which may transfer the property ownership.