<< Back to Tax Deed State List
The Oklahoma tax sale process can be a bit confusing. First you should know that Oklahoma has three tax sales; tax sales, resales, and county commissioner's sales.
The "Tax Sale" is held once per year. The winning bidder receives a tax lien certificate which draws interest at 8% per annum subject to a 2 year redemption period.
Any tax lien not sold at the "Tax Sale" is assigned to the county and can be purchased over the counter anytime prior to the expiration of the 2 year redemption period.
The "Resale" or second buying opportunity includes properties which remain un-redeemed for a period of two years from the date of the sale and occurs once per year. The winning bidder will receive a treasurers or Tax Deed. Any property not sold at the "Resale" will be returned to the county.
The "County Commissioners Sale" or third buying opportunity includes properties not sold at either the "tax sale" or the "resale". At the county commissioner sale "Properties are sold by the treasurer at a price approved by the county commissioners."
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.