OK

Registry entries (prose)

Sale typeWhat you actually buy. A lien sale gives you a claim on the property and the owner keeps it for now; a deed sale transfers the property itself. A redeemable deed transfers ownership but still gives the former owner time to pay you back. See the full glossary for more terms.

deed

68 O.S. 3131

Interest / penaltyWhat you earn when the owner redeems. Interest is a rate paid over time; a penalty is usually a one-time percentage of the tax or redemption amount. A rate that is bid down during the auction is still interest. See the full glossary for more terms.

interest 1.5% per month (18%/yr) on delinquent taxes until paid

68 O.S. 2913

RedemptionHow long the former owner has to repay the debt and keep the property after the sale. Your money stays tied up until this window closes, so a long period can mean a multi-year wait on a lien. See the full glossary for more terms.

redeemable only before county resale (taxes 3+ years delinquent per 68 O.S. 3105); none after resale

68 O.S. 3125

Bid methodHow the winner is chosen: bidding the interest rate down, bidding a premium above the amount owed, a random or rotating draw, or simply buying at the minimum bid. See the full glossary for more terms.

public auction to highest bidder; minimum bid = lesser of 2/3 of assessed value or total taxes/penalties/interest/costs

68 O.S. 3129

Sale timingWhen sales are typically held. Many counties publish sale lists only a few weeks ahead, and some sell continuously or on their own schedule. See the full glossary for more terms.

June (second Monday; day-to-day continuation set by treasurer)

68 O.S. 3125

Source

https://www.oscn.net/applications/oscn/DeliverDocument.asp?CiteID=439774

68 O.S. 2913, 3129; 2017 OK AG 17 (single sale; redeem before deed). Review: Oklahoma also runs an annual tax certificate (lien) sale (68 O.S. 3105) alongside the resale deed sale; likely hybrid.

Counties (77)