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States › Kentucky › Tax Sale Summary

There are 120 Counties in Kentucky. It became the 18th state on June 1, 1792. The state motto is "United we stand, divided we fall".

Currently, the maximum interest rate being offered to all tax lien certificate investors is 12% with a one year right of redemption.

Summary: After the sheriff has exhausted all the delinquent taxpayers personal property, tax claims on real property may be sold to collect delinquent property taxes (Sec. 134.430). Tax claim sales are held during April. Any property while owned by the tax delinquent homeownershall be subject to distraint or an action in personam, or both, to enforce the obligation, and shall also be subject to distraint or levy as provided in subsection (1) of KRS 134.430, but no action may be brought to enforce a certificate of delinquency until one (1) year after the issuance thereof, and the action shall be instituted with (10) years after the expiration of that one (1) year period (Sec. 134.470, Sec. 134.490).

Law: Kentucky Revised Statutes, Title IX, Chapter 91, Section 91.420 et seq., "Collection - Tax Sale" (Louisville); Title XI, Chapter 134, "Payment, Collection, and Refund of Taxes."

Contact: Local Tax Collector (usually the sheriff)

Interest Rate: 12%. More specifically, Within fifty (50) days after the issuance of a certificate of delinquency to a private purchaser, the private purchaser shall give the same notice as required of a county attorney in KRS 134.500(2). The notice shall advise the owner, and bears interest at the rate of twelve percent (12%) per annum, and if the certificate is not paid, it will be subject to collection as provided by law. (Sec. 134.490, Sec. 134.500).

Auction Type: Tax Lien Certificate/Tax claims. Furthermore, all personal property owned by a delinquent taxpayer shall be subject to distraint, and all property owned by him shall be subject to levy and sale by the proper collecting officer at any time from February 1 after the claim becomes delinquent until the tax claim is barred by limitations, unless otherwise provided by law (Sec. 134.430).

Bidding Procedure: Tax claims are sold to the purchaser who first offers to pay the full amount of the delinquent property taxes and fees (Sec. 134.450).

Costs: As compensation for his/her services, the sheriff shall be entitled to an additional ten percent (10%) of that part of the tax claim represented by the total taxes plus ten percent (10%) penalty, for all delinquent taxes collected from the time the (10%) penalty becomes applicable through the sale of the tax claims. This fee shall be added to the total amount due and paid by the person paying the delinquent tax bill (Sec. 134.430). As compensation for his/her services, the sheriff shall receive five dollars ($5) for each tax claim advertised. (Sec. 134.440).

Redemption Period: The delinquent taxpayer or any other person having or owning a legal interest in the real property covered by a certificate of delinquency may at any time up until enforced collection proceedings have been completed pay the total amount of the certificate to the purchaser (Sec. 134.480). If the collection proceedings result in a foreclosure sale of the real estate property, the delinquent taxpayer may redeem the real estate within one (1) year of the sale if the property is sold for less than two-thirds (2/3) of its appraised value, by paying the original purchase amount, and ten percent (10%) per year interest thereon (Sec. 134.490, Sec. 426.530).

Deed assigned at Foreclosure to: The tax sale purchaser (Sec. 134.490).

Notes:

Counties:

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