New York Tax Lien Certificates

Tax certificates are an easy, solid investment and can help you the average person gain a larger, more secure return on your investment. New York has both tax lien and tax deed sales available but there options for deed sales can be significantly more lucrative than that of the lien sales. Counties that hold lien sales usually work with an interest rate of 14%, but in New York City lien sales are not open to the general public. Lien sales are usually held in either April or August and have a redemption period of about one year. Like most other States the bidding is done a competitive basis, yet some municipalities may hold their own sales in which case the general rules and regulations regarding sales will vary. Aside from counties where tax liens are not open to the public New York is considered a good sale state for both liens and an even better one for deeds.