TX

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.

redeemable deed

Tex. Tax Code 34.21(a)

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.

redemption premium 25% of aggregate if redeemed in year 1; 50% in year 2 (180-day cap 25%)

Tex. Tax Code 34.21(a),(e)

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.

2 years (residence homestead/agricultural/mineral); 180 days (other property)

Tex. Tax Code 34.21(a),(e)

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; bid off to taxing unit if bid insufficient

Tex. Tax Code 34.01(j),(o)

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.

first Tuesday of a month

Tex. Tax Code 34.01(r-1)

Source

https://statutes.capitol.texas.gov/Docs/TX/htm/TX.34.21.htm

Tex. Tax Code 34.01, 34.21, 34.23; official Texas Constitution and Statutes site (statutes.capitol.texas.gov).

Counties (254)