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If you are looking to buy Tax Deeds in the state of Arkansas then you are in luck. Tax Deed sales are determined by the county and are held throughout the year in Arkansas. Registration is required prior to the auction, but in most counties you will can to register the day of the auction. The starting bid on most Tax Deed properties is required by state law to be the assessed value given of the property based on the county's assessment. The assessed value is approximately 20% of the property's actual value. When the amount is combined with the delinquent taxes from the previous years, the beginning bid is usually 20% - 30% of the actual value. Tax deeds purchased may be redeemed by the previous owner up to 30 days after the sale. If a property has been redeemed, the investor will receive full refund of the purchased price. Property owners are given 2 years of tax delinquency before the county will foreclose on the property and take possession of the land.
Arkansas conducts Tax Deed sales through a standard auction. After registration and prior to the auction, bidders are given identification numbers which are used during the auction. The starting bid on most Tax Deeds will be the assessed value given of the property based on the county's assessment. The assessment value is approximately 20% of the properties actual value. Deeds are bid up in price until a high bid has been established. The highest bidder is awarded the deed to the property.
Arkansas uses a Premium Bid method. The starting bid includes all delinquent taxes, penalties and administrative cost. The property is bid up in price until a high bid is established. The highest bidder receives the deed to the property. Investors can also place bids through the mail by a sealed bid. All bids must be mailed to the commissioner of state lands.
Tax Deed investing can be extremely risky unless you are well informed and know the pitfalls to avoid. Our book Real Estate Tax Deed Investing spells out the right way to invest in Tax Deed Real estate. For more information on Tax Deed auction locations, purchase our Amazon bestselling book and receive your complimentary Tax Deed auction list!
It is recommended that you further research Tax Deed information for each given state as laws and regulations are constantly changing. We cannot guarantee that the information given here is the most current information.