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Redemption
6 mo
Max interest
1.5%
You buy a tax lien, not the house. The owner has 6 months to pay you back. You earn 1.5% interest a month. You win with the highest bid. Sales are held once a year, typically in July.
Sale type
D.C. Code § 47-1348 (certificate of sale); § 47-1382(a) (deed only after foreclosure)
https://code.dccouncil.gov/us/dc/council/code/sections/47-1348“The Mayor shall deliver to the purchaser a certificate of sale under the Mayor’s hand and seal or authorized facsimile signature”
Redemption
D.C. Code § 47-1360; § 47-1370(a)
https://code.dccouncil.gov/us/dc/council/code/sections/47-1360“an owner or other person who has an interest in the real property sold by the Mayor may redeem the real property at any time until the foreclosure of the right of redemption is final”
Interest
D.C. Code § 47-1334(a)
https://code.dccouncil.gov/us/dc/council/code/sections/47-1334“The rate of simple interest on all amounts due, owing, or paid for the taxes sold or bid off to the District under this chapter shall be 1.5% per month”
Bid method
D.C. Code § 47-1346(a)(2)
https://code.dccouncil.gov/us/dc/council/code/sections/47-1346“All sales shall be at public auction to the purchaser who makes the highest bid”
Sale timing
D.C. Code § 47-1301(b)(3)
https://code.dccouncil.gov/us/dc/council/code/sections/47-1301“Beginning calendar year 1996 and each year thereafter, the annual real property tax sale shall be held on the third Tuesday in July”
Prose: lien | 1.5% per month | until foreclosure of the right of redemption is final (6-month wait to file) | highest bid at public auction | July (third Tuesday)
| County | FIPS | Platform | Health |
|---|---|---|---|
| District of Columbia | 11001 | — | not_started |