Sale Type: | Tax LienA legal claim or right against a property that serves as security for a debt or obligation owed by the property owner. Certificates |
Interest Rate: | 12% APR |
Bid Method: | Premium Bid |
2 Years | |
Sale Date(s): | Varies |
State Statute(s): | |
No | |
State Website: |
Vermont State Overview
In Vermont, tax collector's sell tax lien certificates to the winning bidders at the delinquent property tax sales. The winning bidder is the one willing to pay the most for the tax lien. Depending on when the homeowner redeems he or she will be charged a 12% penalty. Upon the expiration of the redemption period, which is 2 years, the investor may apply for the tax deedA legal document that transfers property ownership to the government or an investor after the owner fails to pay property taxes for an extended period.. The tax lien will remain in full force and effect for up to 15 years.