Unlike states where you bid the interest rate down to near zero (sometimes as low as 0.25%), Indiana operates on a Premium Bid basis for the lien, but the penalty on the redemption amount remains robust.
Indiana has become one of the "top" destination states for real estate investors looking for high yields and secure investments. Unlike many other states that offer tax deeds, Indiana is primarily a Tax Lien Certificate state. indiana tax sales top
This means you aren't buying the property immediately; you are paying the taxes and receiving a lien that pays you interest. If the owner doesn't pay, you could end up with the property. Unlike states where you bid the interest rate
Here is your complete guide to understanding Indiana tax sales, from the auction process to the redemption period. You do not get a deed at the tax sale
You do not get a deed at the tax sale. To obtain title, you must:
If the owner redeems within the one-year period, the investor receives: