IS FLORIDA A TAX LIEN OR TAX DEED STATE?

Is Florida a tax lien or tax deed state? You’ll be happy to learn the surprising answer because it means more choices for you and big, big profits! Florida has got it all!

I’m Ted Thomas, and today I’m going to answer the question, “Is Florida a Tax Lien or Tax Deed State?”

I’ll also discuss tax defaulted real estate, how the system works, and most importantly, how you can take advantage of the system honestly and ethically.

Before I close, I want to give you an insider warning about how newcomers lose their assets at tax auctions, and I’ll give you the easy steps to avoid these mistakes.

Want to learn how you can make big profits from deep discount real estate? Would you like to buy nice homes for pennies on the dollar for massive cash flow? Or earn double-digit interest rates to safely and steadily grow your money? Then you don’t want to miss this FREE mini class. 

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – YES AND YES!

Is Florida a tax deed or tax lien state? You’ll be happy to know, Florida is both, tax lien and tax deed. I’m about to show you how to take advantage of this and make money with both of these government processes. 

First, allow me a moment to explain my experience with tax deeds and tax liens. For me, it started 30-years ago as an investor in tax liens, and I learned a lot. I learned that tax liens are a safe, secure way to make money, and your checks come from the government. 

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – TAX LIENS AND TAX DEEDS

Tax liens and tax deeds have been around and available to the public for over 200 years.

Imagine for a moment discovering a money system, a cash flow opportunity, and only a few members of your hometown were educated about this process. 

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – TAX LIENS

A tax lien certificate

How do tax liens work in Florida? Tax liens are a little-known, but highly lucrative investment.

For example, today the state of Florida will have approximately 1 million tax lien certificates available in the 67 different counties.

These certificates are available from the county and due from property owners who have not paid property taxes.

The average man or woman would be shocked to learn that hundreds of thousands of tax liens are available, and these end up on the Florida delinquent property tax list.

The result of this massive default has consequences. The local counties are struggling to pay county employees, schoolteachers, firefighters, and police, and the money for all these services comes from property taxes. 

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – TAX SALES

The correct answer to is Florida a tax lien or tax deed state is that Florida will sell tax liens and also tax deeds at live auctions and online auctions. 

Recently in Miami-Dade County, the tax assessor recorded that over 50,000 property owners had failed to pay property tax, and the treasurer was issuing tax lien certificates. 

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – TAX LIEN INTEREST RATE

Florida tax liens when sold at auction pay up to 18%.

That simply means the local county selling the certificate is going to add up to 18% to the tax bill. That interest ultimately will go to the tax lien certificate purchaser as a reward for paying someone else’s property tax. 

Banks are paying less than 1% on savings accounts, while Miami-Dade County is paying up to 18% on a tax lien certificate. That’s a favorable return of capital plus 18% ROI (return on investment). 

Where does the money come from? The money made with tax lien certificates is from late fees from property owners that haven’t paid taxes.

Tax lien certificate purchasers do not receive nor are they granted possession of the property. The defaulting property owner is not being evicted. Florida is a benevolent state. 

Anyone can purchase the certificate. It only requires cash or equivalent payment to the county treasurer. 

The party owning the tax lien certificate will be getting paid up to 18 times more than the local bank is paying.

I’m not an attorney, broker or investment advisor. I can tell you, it doesn’t take a license to understand that 18% on your money is going to add up very quickly when you have multiple certificates earning 18%.

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – TAX DEEDS

Here’s the full answer to the question, “Is Florida a tax lien or tax deed state?” Florida is considered a tax lien state, however, if the tax liens are not sold, they will become tax deeds. 

Nationwide, tax liens and tax deeds are not well-known. That’s because the government at the county level rarely advertises to promote the auctions. They’ll publish a tax lien properties list in the local paper and on their website, but it’s not widely advertised.

People who have lived within the county may have learned about the auctions, but most people have no idea. 

What is a Florida tax deed? Tax lien properties in Florida that aren’t sold at a tax lien certificate auction become tax deeds after they have been confiscated by the county.

Tax lien properties are advertised in local newspapers
IS FLORIDA A TAX LIEN OR TAX DEED STATE? – SURPLUS LANDS LIST

If the property is not sold at the tax deed auction, the county will place the property on a leftover lands list, which could be called a surplus lands list or a lands available list, forfeited lands commission, or scavenger list. 

My point is, the county will have a list of those properties. They may or may not have value. However, they can be purchased for pennies, and they are perfect for bargain hunters. 

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – SELLING PROPERTY

Selling property is a process. It doesn’t require a massive team. It requires you to price the property correctly and that you are aware of the market and use good business practices.

For example, you can use Craigslist, eBay, and electronic sales sites.

Buy low – sell low helps people get started, using contract of sale and being your own banker. These are all parts of the selling process. 

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – A SECURE, PASSIVE INVESTMENT

This lesson has been primarily about making money with tax lien certificates, and it’s important to understand that you only receive a certificate, which in 95% to 97% of the cases will be redeemed, in other words, paid for. 

Tax lien certificates are sold in Florida, anyone can attend the auction, and the process is usually bid-down, not up.

A tax lien certificate is considered a secure investment. It’s also considered predictable, as the rates are fixed.

Local governments conduct tax lien auctions to sell the defaulted taxes to individuals. The document they use is a tax lien certificate. 

IS FLORIDA A TAX LIEN OR TAX DEED STATE? – COMMON MISTAKES

Auction buyers, especially newcomers, make big mistakes at auctions.

The most important mistake to avoid is don’t buy property you haven’t looked at.

The property may have burned, or there could have been a hurricane or a flood. In other words, the property may be damaged. 

The second big mistake is caused by anxious buyers who are determined to be successful, and for some reason, they bid on properties without having an exit strategy.

This is unwise. You may invest way too much money on a property that has little or no value which you won’t be able to sell. The county does not refund money. You could lose your assets.

If you learned a lot and want more information, I have a FREE Mini Course for you – It’s all streaming video and starts out with instruction about tax lien certificates, and part two is about making big profits in tax deeds! 

TAKEAWAY

Ted Thomas

We hope you enjoyed Ted’s lesson, “Is Florida a Tax Lien or Tax Deed State?”

Florida is both a tax lien and tax deed state.

The process begins with the tax lien. If a property owner has not paid property taxes, the county will sell a tax lien certificate at a public auction via a bid-down process on the interest rate, which starts at 18%.

The lowest bidder wins and receives the tax lien certificate, however, they do not take possession of the property. The property owner is given time to pay the back taxes plus interest, which the county gives to the holder of the tax lien certificate.

95% to 97% of the time the tax lien is paid, and the certificate holder gets all their money back plus the interest.

This makes tax lien certificates a safe and lucrative passive investment, and it’s secured by real estate. If the property owner doesn’t pay, then the certificate holder gets the property.

If the tax liens are not sold, then they will become tax deeds. At a tax deed auction the property itself is sold to the highest bidder.

Anything not sold at the tax lien or tax deed auction goes on the leftover lands list and can be bought over the counter from the county. So the answer to the question is Florida a tax lien or tax deed state is that it’s both!

If you’d like to know more about how to buy tax liens and deeds in Florida or anywhere in the USA, there’s no one more qualified to teach you than Ted Thomas, America’s leading authority on tax lien certificates and tax defaulted property investing.

Ted Thomas is the only one who provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops & web classes, and personal one-on-one coaching.

Get started today at no cost with Ted’s FREE Master Class. It’s only about 1 hour of streaming video and will reveal the incredible opportunities available in tax defaulted real estate and how you can make life-changing profits!


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