Redemption
24 mo
Max interest
10%
You buy a tax lien, not the house. The owner has 2 years to pay you back. You earn 10% interest a year. You win with the highest bid. Sales are held on a schedule that varies by county.
Sale type
Md. Code, Tax-Property § 14-805(a)
https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp§ion=14-805“From the date property tax on real property is due, liability for the tax and a 1st lien attaches to the real property in the amount of the property tax due on the real property.”
Redemption
Md. Code, Tax-Property § 14-833(b)(3)(iii)
https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp§ion=14-833“may redeem the property at any time until the right of redemption has been finally foreclosed under the provisions of this subtitle”
Interest
Md. Code, Tax-Property § 14-820(b)-(c)
https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp§ion=14-820“in Washington County the rate is 6% a year or as fixed by the County Commissioners. (c) For owner–occupied residential property, the rate of redemption may not exceed 10% a year.”
Bid method
Md. Code, Tax-Property § 14-817
https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp§ion=14-817“All sales shall be at public auction to the person who makes the highest good faith accepted bid, in fee or leasehold, as the case may be.”
Sale timing
Md. Code, Tax-Property § 14-808(a)(1)
https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp§ion=14-808“the collector shall proceed to sell and shall sell under this subtitle, at the time required by local law, all property in the county in which the collector is elected or appointed on which the tax is in arrears.”
Certificate of sale subject to redemption. | Prose: lien | 6%/yr default (county-specific); owner-occupied max 10%/yr | until right of redemption foreclosed (certificate void unless foreclosure within 2 years) | public auction to highest bidder (high-bid premium may apply) | varies by county
Certificate of sale subject to redemption.
| County | FIPS | Platform | Health |
|---|---|---|---|
| Allegany County | 24001 | — | not_started |
| Anne Arundel County | 24003 | — | not_started |
| Baltimore County | 24005 | — | not_started |
| Baltimore city | 24510 | — | not_started |
| Calvert County | 24009 | — | not_started |
| Caroline County | 24011 | — | not_started |
| Carroll County | 24013 | — | not_started |
| Cecil County | 24015 | — | not_started |
| Charles County | 24017 | — | not_started |
| Dorchester County | 24019 | — | not_started |
| Frederick County | 24021 | — | not_started |
| Garrett County | 24023 | — | not_started |
| Harford County | 24025 | — | not_started |
| Howard County | 24027 | — | not_started |
| Kent County | 24029 | — | not_started |
| Montgomery County | 24031 | — | not_started |
| Prince George's County | 24033 | — | not_started |
| Queen Anne's County | 24035 | — | not_started |
| Somerset County | 24039 | — | not_started |
| St. Mary's County | 24037 | — | not_started |
| Talbot County | 24041 | — | not_started |
| Washington County | 24043 | — | not_started |
| Wicomico County | 24045 | — | not_started |
| Worcester County | 24047 | — | not_started |