Sale Type: | |
Interest Rate: | 14% per year |
Bid Method: | Rotational |
3 Years | |
Sale Date(s): | First Monday in March |
State Statute(s): | |
Yes | |
State Website: |
Nebraska State Overview
Nebraska counties hold their tax lien auctions annually on the first Monday of March. These tax sales are usually directed by the treasurer at the county courthouse or similar facility. Nebraska counties also work similarly to Iowa counties when it comes to the bid method. According to state law they have a “bid down the ownership” method; however, many of the counties choose to do a random selection or rotational method.
In Nebraska, county treasurer's and tax collector's sell tax lien certificates to the winning bidder at the delinquent property tax sale.
Tax Sale Type: Tax Lien CertificateA legal document issued by a government authority when a property owner fails to pay property taxes, granting the certificate holder a lien on the property.. (Sec. 77-1818).
Contact: The County Treasurer. (Sec. 77-1802).
Interest Rate and/or Penalty Rate: 14% per annum. (Sec. 77-1824 and Sec. 45-104.01 ).
Bid Procedure: Bid down ownership interest. (Sec. 77-1807).
Redemption Period: Three (3) years. (Sec. 77-1837).
Law: Nebraska Revised Statutes, Chapter 77, Article 18, “Collection of Delinquent Real Estate Taxes by Sale of Real Estate,” and Article 19 “Collection of Delinquent Real Estate Taxes Through Court Proceedings.”
Life of a lien for this state is 3 years and 9 months.