Tax sales are used to collect delinquent property taxes. If property taxes are not paid in full by December 31 of the tax year, the city or parish may sell “tax sale title” to the property for the amount of taxes owed plus interest and costs. The property owner has three years to “redeem” the tax sale (18 months for blighted/abandoned properties) by paying the tax sale price, later taxes paid by the tax sale purchaser, plus a 5% penalty and 1% interest per month on those amounts. Delinquent taxes owed to the city or parish must also be paid. If a tax sale is not redeemed, the tax sale purchaser may be able to acquire title to the property.

FAQs Archive | Page 3 of 3 | Louisiana Tax Sale Lawyers

Q: HOW DO TAX SALE AUCTIONS WORK?

The tax sale price is always the same. Instead of “bidding up” the price, people “bid down” the percentage interest they will get in the property. The bidder who offers to buy the least percentage interest wins. Many online tax sale auction sites allow you to set a minimum bid. Your public bid starts at 100% and goes down in response to other bids. IMPORTANT: The percentage interest is the ownership interest you may acquire if the tax sale is not redeemed or annulled. If you bid 1%, you are bidding to own 1% of the property if the tax sale is not redeemed. The tax debtor will still own the other 99%. It is possible that a 1% ownership interest will be worth less the tax sale price.

Q: WHEN, WHERE, AND HOW OFTEN ARE TAX SALES HELD?

Tax sales are the only method for cities and parishes to collect delinquent property taxes. They are held annually by the sheriff or the municipal tax collector. Many tax sales are held online. Others are held in the same manner as sheriff’s sales.

Q: CAN A TAX SALE PURCHASER ACQUIRE TITLE TO TAX SALE PROPERTY?

If a tax sale is not redeemed, tax sale title can be converted into full ownership of the property. This happens infrequently because most tax sales are redeemed and many tax sale purchasers allow “late redemptions.” Sometimes, the cost of quieting title may exceed the value of the property interest.

Q: WHY INVEST IN TAX SALE PROPERTIES?

Most people invest in tax sales to collect the redemption payment. Annual returns start at about 1 4%. Returns of more than 20% are possible if a redemption occurs in the first six months after the tax sale.

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504-528-9500

HOW DO TAX SALE AUCTIONS WORK?

The tax sale price is always the same. Instead of [...]

HOW DO TAX SALE AUCTIONS WORK?firefly-wp2022-09-07T04:36:14-05:00

WHEN, WHERE, AND HOW OFTEN ARE TAX SALES HELD?

Tax sales are the only method for cities and parishes [...]

WHEN, WHERE, AND HOW OFTEN ARE TAX SALES HELD?firefly-wp2022-09-07T04:34:13-05:00

CAN A TAX SALE PURCHASER ACQUIRE TITLE TO TAX SALE PROPERTY?

If a tax sale is not redeemed, tax sale title [...]

CAN A TAX SALE PURCHASER ACQUIRE TITLE TO TAX SALE PROPERTY?firefly-wp2022-09-06T21:02:30-05:00

WHY INVEST IN TAX SALE PROPERTIES?

Most people invest in tax sales to collect the redemption [...]

WHY INVEST IN TAX SALE PROPERTIES?firefly-wp2022-09-06T20:58:43-05:00

WHAT IS A TAX SALE?

Tax sales are used to collect delinquent property taxes. If [...]

WHAT IS A TAX SALE?firefly-wp2022-10-03T00:18:12-05:00

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Contact Us

Louisiana Tax Sale Lawyers
JAMES E. USCHOLD, PLC

700 Camp Street – Suite 317
New Orleans, LA 70130
504-528-9500 (office)
504-754-7654 (fax)
info@taxsalelawyer.com

Louisiana Tax Sale Lawyers
JAMES E. USCHOLD, PLC

504-528-9500 (office)
504-754-7654 (fax)

James E. Uschold
Owner, Principal Attorney

Mark J. Boudreau
Associate

For Service of Pleadings ONLY:

service@taxsalelawyer.com

James E. Uschold
Owner, Principal Attorney

Mark J. Boudreau
Associate

For Service of Pleadings ONLY:
Associate

For Service of Pleadings ONLY:

service@taxsalelawyer.com

DISCLAIMER: The information provided on this website is for general informational purposes only. It is not intended to provide or constitute legal advice. While the information is intended to be accurate, Louisiana Tax Sale Lawyers does not represent, warrant, or guarantee the accuracy of the information provided on this website. Links to third-party websites are provided as a courtesy and do not constitute an endorsement or recommendation of the contents of those websites or of the persons or companies operating those websites.