Kentucky (KY) Tax Lien Sales

Sale Type: Tax Lien Certificates
Interest Rate: 12%
Bid Method: Premium Bid
Redemption Period: 1 Year
Sale Date(s): April-May
State Statute(s): Title IX, CH 91, Title XI, CH 134
Over-the-Counter: No
State Website: http://www.kentucky.gov/

Kentucky State Overview

Kentucky is classified as a tax lien state. Tax sales re usually conducted in April of each year. The local county tax collector or local Sheriff will conduct a public sale of all parcels that are delinquent on their property taxes. The tax sales are conducted as an oral public auction and uses a premium bidding method. Tax Liens in Kentucky are purchased with a one year right of redemption. The rate of return is 12% annually, or 1% per month. The state also enforces a penalty of 10% of the total lien amount as compensation to the local tax collector. This amount is paid by the investor as part of the lien’s minimum bid, and is ultimately paid upon redemption by the property owner.

Kentucky uses a premium bid method. The counties starting bid will include the back taxes, penalties, interest and any administrative cost. The lien will be bid up in price until the bidding stops. The investor bidding the highest amount will receive the tax lien certificates to the property.

Tax liens in Kentucky are purchased with a one year right of redemption. If the property owner does not pay all delinquent taxes, interest, penalties,a nd fees within one year, the investor may begin the process of terminating the right of redemption. Within 50 days of purchasing a tax lien certificate the lien holder is responsible for sending a notice to the property owner. The notice must advise the owner of the penalty rate of 12%, as well as the impending consequences and legal actions if payment is not made.Tax deeds are obtainable through judicial foreclosure following the 1 year redemption period.

In Kentucky, the tax collector or treasurer will sell tax lien certificates to the winning bidders at the delinquent property tax sale.

  • Tax Sale Type: Tax Lien Certificate (Sec. 134.450).
  • Contact: The Sheriff or Tax Collector (Sec. 134.450).
  • Interest Rate and/or Penalty Rate: 12% per annum. (Sec. Sec. 134.490).
  • Bid Procedure: Premium / Highest Bid. (Sec. 134.450).
  • Redemption Period: One (1) year. (Sec. 134.470 and Sec. 134.480).
  • Law: Kentucky Revised Statutes, Title XI, Chapter 134, “Payment, Collection, and Refund of Taxes.”
  • Notification According to (Sec. 134.490) the purchaser must, within 50 days after the purchase of a certificate of delinquency (tax lien certificate) give ‘notice’ according to the stipulations outlined in Sec. 134.490 to the owner of the tax delinquent property.
State County Contact Info
KY Adair columbia-adaircounty.com/
KY Allen
KY Anderson
KY Ballard www.ballardconet.com/
KY Barren
KY Bath
KY Bell
KY Boone www.boonecountyky.org/
KY Bourbon www.parisky.com/
KY Boyd
KY Boyle www.danville-ky.com/
KY Bracken
KY Breathitt www.breathittcounty.com/Breathitt1.html
KY Breckenridge
KY Bullitt www.ltadd.org/bullitt/
KY Butler
KY Caldwell
KY Calloway
KY Campbell www.campbellcountyky.org/
KY Carlisle
KY Carroll
KY Carter
KY Casey
KY Christian
KY Clark www.clarkco.net/
KY Clay
KY Clinton
KY Crittenden
KY Cumberland
KY Daviess
KY Edmondson
KY Elliott
KY Estill www.estill.net/
KY Fayette www.lfucg.com/
KY Fleming www.flemingcounty.org/
KY Floyd www.kymtnnet.org/floyd.html
KY Franklin
KY Fulton
KY Gallatin
KY Garrard
KY Grant grantco.org/
KY Graves
KY Grayson www.graysoncounty.com/
KY Green
KY Greenup
KY Hancock
KY Hardin www.hardincountyclerkky.com/
KY Harlan
KY Harrison
KY Hart www.hartcounty.com/
KY Henderson www.go-henderson.com/
KY Henry www.henryweb.com/
KY Hickman
KY Hopkins
KY Jackson
KY Jefferson www.jcsoky.org/
KY Jessamine
KY Johnson
KY Kenton www.kentoncounty.org/
KY Knott
KY Knox
KY Larue
KY Laurel
KY Lawrence
KY Lee
KY Leslie
KY Letcher
KY Lewis
KY Lincoln
KY Livingston
KY Logan
KY Lyon lyoncounty.com
KY Madison
KY Magoffin
KY Marion
KY Marshall
KY Martin
KY Mason
KY McCracken
KY McCreary
KY McLean
KY Meade
KY Menifee
KY Mercer
KY Metcalfe
KY Monroe
KY Montgomery
KY Morgan
KY Muhlenberg
KY Nelson
KY Nicholas
KY Ohio
KY Oldham oldhamcounty.state.ky.us/
KY Owen
KY Owsley
KY Pendleton
KY Perry
KY Pike
KY Powell
KY Pulaski
KY Robertson
KY Rockcastle
KY Rowan
KY Russell
KY Scott
KY Shelby www.shelbyvilleky.com/
KY Simpson
KY Spencer
KY Taylor
KY Todd
KY Trigg
KY Trimble
KY Union
KY Warren
KY Washington
KY Wayne
KY Webster
KY Whitley
KY Wolfe wolfe.archland.com/
KY Woodford

States

States that offer Over-the-Counter Tax Lien Certificates