Arkansas does not sell tax lien certificates. Arkansas sells tax deeds through the Commissioner of State Lands. The State Land Commissioner will offer tax deeds every quarter (in other words roughly four times per year). Typically the opening bid is required to equal the assessed or appraised value of the parcel of land. This means that it can be harder to get discount price on property in Arkansas. It should be noted that lower bids on parcels have been accepted by the Land Commissioner's Office.
Arkansas tax deeds will go to a competitive auction in which the price of the parcel will be bid up. Currently the statutory scheme allows for a 30 day right of redemption period whereby the delinquent taxpayer can pay price paid at auction to re-claim title to the parcel. Investors bid in Arkansas with the intention of property ownership.
NOTE: In all tax deed states research is very important. This is because the possibility of land ownership is very high. You should begin reading the state statutes relating to property taxes and delinquent tax collection practices. It is very important to be fully aware of which liens will survive the sale and foreclosure of the deed. The new owner of the parcel will be responsible for any surviving liens and claims attached to the property.
We currently do not sell a product that details the Arkansas tax deed sale process. I do have extensive experience with deed sale purchases and can give you some critical research suggestions to making these sales work. I also suggest reading the state's tax code relating to property taxes. If you have any questions please email me or set up a consultation. If you are interested in investing in any other states I have developed two high detailed 'best of breed' tax sale products that will guide you through the entire process of researching, inspecting,
locating, and profiting from tax defaulted sales. If you are interested in investing in high
yield tax sales the right way while avoiding the
risk you should review these products and services.
Our products cover tax defaulted investments in the following states:
Alabama, Arizona, Colorado, Florida, Georgia, Illinois,
Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi,
Missouri, Montana, New Jersey, Texas, Oklahoma, Rhode Island, South
Dakota, and West Virginia.
|
|
|
Arkansas Department of Finance
Arkansas State Statutes - Select Property Tax Code
Legislative Tax Publication
Census Bureau Information on Arkansas
Suggested Reading # 1:
Tax Lien and Deeds Some Basics for Your Success
by Darius M. Barazandeh
Suggested Reading # 2:
Tax Sale and Tax Lien Due Diligence Matters! 
by Darius M. Barazandeh
Arkansas Additional Research Links Page
NOTE: Arkansas links can be found at the bottom of the page
Learn Why More and More Customers Praise Us!
Customer Comments and Success Stories>>
|