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Connecticut Tax Deeds

· 2 min read

Sale Type:  Hybrid  Interest Rate:  18% APR  Bid Method:  Premium Bid  Redemption Period:  1 Years  Sale Date(s):  Varies  State Statute(s):   General Statutes...

Connecticut Tax Deeds

Sale Type:

 Hybrid

 Interest Rate:

 18% APR

 Bid Method:

 Premium Bid

 Redemption PeriodThe legally defined timeframe during which a property owner can reclaim their property by paying the delinquent taxes plus interest and penalties.:

 1 Years

 Sale Date(s):

 Varies

 State Statute(s):

 General Statutes of CT – Title 12, CH 204, 205

 Over-the-CounterTax liens or tax deeds that were not sold at public auction and are available for purchase directly from the county or taxing authority.:

 No

 State Website:

 www.ct.gov

Connecticut State Overview

In Connecticut the local tax collector oversees the sale which is conducted through oral public auction. Tax sales are held throughout the year which is determined by the counties and municipalities. Tax sales are published in a local newspaper several weeks prior to the sale. Tax deeds sold in Connecticut are purchased with a one year right of redemptionThe legal right of a property owner to reclaim their property after a tax sale by paying the full amount of delinquent taxes, interest, and penalties.. Within a couple weeks after the sale, the investor will receive a deed to the property from the tax collector. The deed will be stored unrecorded for a period of one year from the date of the sale. if the property owner does not pay all delinquent taxesProperty taxes that remain unpaid past the due date, which may result in penalties, interest, and eventually a tax lien being placed on the property., interest, penalties, and fees by the end of the twelve month redemption period, all redemption rights are terminated and the purchaser takes possession.

Connecticut uses a Premium Bid type method. The counties bid will include the back taxes, penalties, interest, and ay administrative cost. the deed will be bid up in price until a high bid has been established. The investor with the highest bid, receives the deed to the property.

In Connecticut, the tax collector or treasurer will sell hybrid tax deeds to the winning bidders at the delinquent property tax sale.

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