STATE SUMMARY

Tax Liens
Auction Date(s) July – October
Bid Method First Priority/Random Selection
Interest Rate 12% per annum
Accrual Rate Monthly
Redemption Period 1 years
OTC’s No

Tax Lien Certificate Summary

 

Tax Liens Auctions:

  • Annual (July – October)
  • First Priority/Random Selection
  • Interest rate: 12% per annum
  • Redemption period begins with date of sale
  • 1 year minimum redemption period

 

The Kentucky annual tax lien certificate auctions are held during between the months of July and October.  All of the Kentucky county tax lien certificate auctions are held on location.  The bidding method is a first priority sale followed by random selection.   The county first allocates those certificates of delinquency for which third party purchaser’s requested a priority claim prior to the auction, the remaining tax lien certificates are sold, usually in predetermined lot sizes.  The order of selection choice is determined by random drawing at the beginning of the tax sale.  If a registered buyer is not present for the random drawing, they will be placed at the bottom of the selection list.  The interest rate of return on Kentucky tax lien certificates is 12% per annum.  The minimum redemption period is 1 year from the date of the auction.

 

Additional Information:

 

1. In counties with 500 or fewer certificates of delinquency to be sold, the certificates of delinquency shall be sold in lots of up to five.

2. In counties with more than 500 and less than 1,000 certificates of delinquency to be sold, the certificates of delinquency shall be sold in lots of up to ten.

3. In counties with at least 1,000 and not more than 2,500 certificates of delinquency to be sold, the certificates of delinquency shall be sold in lots of up to twenty-five.

4. In counties with at least 2,500 and not more than 7,500 certificates of delinquency to be sold, the certificates of delinquency shall be sold in lots of up to fifty.

5. In counties with more than 7,500 certificates of delinquency to be sold, the certificates of delinquency shall be sold in lots of no more than fifty for the first four rounds, and, for all subsequent rounds, shall be sold in lots not to exceed two percent of the total number of current certificates of delinquency included in the pool for the sale.

 

Related Websites

 

State statute section:               KY Revised Statutes – Title IX, CH 91, Title XI, CH 13

State website:                          www.kentucky.gov