What Is a Tax Lien Certificate?

A tax lien certificate is a lien on your property for not paying your taxes.  If you fail to pay your taxes off, the county government will auction off your property.  The winning bidder will receive a tax lien certificate as a proof of purchase.  They can then charge interest of up to 50% or they can foreclose on the property and become the owner of the real estate free and clear. 

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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