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Updated almost 8 years ago on . Most recent reply

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Michael Kelczewski
  • Real Estate Broker
  • Wilmington, DE
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Tax lien inters rates

Michael Kelczewski
  • Real Estate Broker
  • Wilmington, DE
Posted

This is a rather broad question which may be covered by respective statutes, however is there a maximum interest rate/penalty levied for tax lien redemption? I am curious of how high a principle interest rate is possible...

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Michael Kelczewski It varies tremendously by state. In some areas it even varies by county. In MD the rates vary from 20% at the highest and 8% at the lowest.

  • Ned Carey
  • Loading replies...