Loading
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.
12 mo
Max interestWhat 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.
10%
You buy a deed, but the former owner can still redeem the property for a set period. The owner has 1 year from the sale to pay you back. Redeeming adds a penalty of 10% a month. You buy at the minimum bid price. Sales are held on a schedule that varies by county.
| From | To | Rate | Label |
|---|---|---|---|
| mo 0 | mo 6 | 10% | first 6 months |
| mo 6 | — | 1% | each month thereafter |
Sale type
R.I. Gen. Laws § 44-9-12; § 44-9-25
https://webserver.rilegislature.gov/Statutes/TITLE44/44-9/44-9-12.htm“The collector shall execute and deliver to the purchaser a deed of the land stating the cause of sale”
Redemption
R.I. Gen. Laws § 44-9-25
https://webserver.rilegislature.gov/Statutes/TITLE44/44-9/44-9-25.htm“After one year from a sale of land for taxes, except as provided in §§ 44-9-19 — 44-9-22, whoever then holds the acquired title may bring a petition in the superior court for the foreclosure of all rights of redemption”
Interest
R.I. Gen. Laws § 44-9-19
https://webserver.rilegislature.gov/Statutes/TITLE44/44-9/44-9-19.htm“plus a penalty which shall be ten percent (10%) of the purchase price if redeemed within six (6) months after the date of the collector’s sale, and an additional one percent (1%) of the purchase price for each succeeding month”
Bid method
R.I. Gen. Laws § 44-9-8
https://webserver.rilegislature.gov/Statutes/TITLE44/44-9/44-9-8.htm“sell by public auction for the amount of the taxes, assessments, rates, liens, interest, and necessary intervening charges, the smallest undivided part of the land which will bring the amount, but not less than one percent (1%)”
Sale timing
R.I. Gen. Laws § 44-9-9
https://webserver.rilegislature.gov/Statutes/TITLE44/44-9/44-9-9.htmTax collector sells at public auction to bidder (RIGL 44-9-8); 1-year redemption (44-9-19), then petition to foreclose. | Prose: redeemable deed | 10% penalty if redeemed within 6 months plus 1%/month thereafter; 1%/month on intervening taxes | 1 year (then petition to foreclose) | public auction; smallest undivided part that brings the amount (min 1%) | varies by municipality (collector sets time; 3 weeks' notice)
Tax collector sells at public auction to bidder (RIGL 44-9-8); 1-year redemption (44-9-19), then petition to foreclose.
| County | FIPS | Platform | Health |
|---|---|---|---|
| Bristol County | 44001 | — | not_started |
| Kent County | 44003 | — | not_started |
| Newport County | 44005 | — | not_started |
| Providence County | 44007 | — | not_started |
| Washington County | 44009 | — | not_started |
“Before the sale, the collector shall give notice of the time and place of sale posted in two (2) or more public places in the city or town at least three (3) weeks before the time of the sale”