Rhode Island Tax Lien Sales
In this video we teach about Tax Sale Investing in the State of Rhode Island. Rhode Island is a tax lien state. In a tax lien state, a priority lien against the property is sold to an investor giving the investor the right to collection the back due taxes and earn interest. In the event this lien does not get paid, the investor could foreclose it to gain ownership of the property. This is different from a tax deed state where the ownership of the property is sold.
- Tax Lien State
- Sales Handled by Municipalities (Not Counties)
- Premium Bid Process
- Interest Rate: 1% Per Month (12% Annually)
- Redemption Period: One Year
- Right of Redemption Must be Foreclosed Out
- Contact Municipal Tax Collector For More Information
Rhode Island Counties & Populations:
1 Providence County 637,357
2 Kent County 163,760
3 Washington County 126,150
4 Newport County 83,460
5 Bristol County 48,912