Peoria County
Peoria County Tax Lien Sale: Unleashing a 54% ROI
Ready to boost your investment returns? The Peoria County Tax Lien Sale offers an impressive opportunity with a potential 54% return on investment (ROI). Here’s everything you need to know to get started with tax lien investing in Peoria County, Illinois.
Understanding Tax Lien Certificates
Tax Lien Certificates:
- When property owners fail to pay their property taxes, the county can sell tax lien certificates to investors. These certificates represent a claim on the unpaid taxes plus interest.
- Investors purchase these certificates at a public auction, bidding on the interest rate they’ll accept for the delinquent taxes. The maximum bid rate in Peoria County is 9%, with the lowest bid winning.
Potential Returns:
- If the property owner redeems (pays back the taxes owed), the investor receives their initial investment plus interest.
- If the property owner does not redeem within the redemption period (up to three years in Peoria County), the investor can initiate foreclosure proceedings to obtain the property deed.
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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.
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