Below you will find the latest Texas land auctions and Texas land for sale. ZARZAR LAND carries the latest Texas land properties for sale based on investor interest and our Texas land listings are updated in real time from the leading Texas land sources from the ZARZAR LAND network. If you are looking for the latest Texas land auctions, Texas land sales, and Texas land for sale, then you have come to the right place right here on ZARZAR LAND – the Internet’s #1 land auction seller!
Texas Land Sales | Land For Sale In Texas
There is a saying that the secret to becoming extremely wealthy is to find out where people are going, getting there first, and buying land, for land is the basis of all wealth!
Acquiring quality Real Estate will soon be beyond the reach of most Americans as the population continues to increase. Furthermore, with extremely beautiful weather and thousands of recreational and entertainment activities, investing in Texas land can be considered an excellent investment for generations to come!
Furthermore, with Houston, San Antonio, Dallas, and an endless variety of beautiful beaches, Texas real estate is becoming a favorite investment for long term investors! As one of the world’s largest economies, Texas is the place to be in the investment world!
Thank you for your interest in
The Place For Land!
The Basics of Buying Tax Liens in Texas
As the old saying goes, you get rich by buying low and selling high. A popular way to purchase real estate property at significant discounts is through Tax Lien sales.
What is a Tax Lien?
In most states a county will issue a tax lien on a person’s property that is late on paying real property taxes. Certain states allow the tax lien to become a first lien on the property, which is then turned around and sold at auction as a tax lien certificate.
Texas Tax Deed Auction Process
Texas does not have tax lien certificate sale, rather, they hold tax foreclosure sales (also called tax deed sales) on the first Tuesday of every month at the county. Times vary and it’s recommended that the investor contact the County Clerk’s office to find out the time.
When attending the tax lien sale, bring an acceptable form of payment, such as cash or cashier’s check, and then bid on tax lien properties. If the investor presents a winning bid, then he or she will pay the county, and the county will then issue a Sheriff’s Deed for the property purchased. Delinquent tax property deeds are sold to the highest bidder.
Texas Property Tax Sales
As the second biggest state in the United States, Texas has plenty of tax deed sales, also known as tax defaulted property sales. The Lone Star State’s tax deed sales mean when you pay for the past due taxes, you have the right to foreclose and own the property. However, the owner can buy it back by paying you for the past due taxes plus interest within a short period of time. That’s why most people refer to Texas as a “hybrid tax deed state.” The Smith County Tax Assessor’s office says this: “The owner may redeem the property at any time up to six months to two years after the sale. The redemption period varies for each property according to the type of property, the length of time we have been trustees, etc. When an owner redeems the property, he must pay the investor the amount paid at time of sale plus 25% and any costs of sale during the first year of redemption. During the second year, the investor is entitled to the amount paid at the time of sale plus 50% and any costs of sale.”
If you buy a tax deed in Texas, the owner typically has six months to pay you. The maximum amount of time is two years for homesteaded and agricultural property. If he does pay you, you earn 25 percent interest during the first year. You earn 50 percent interest in the second year. Redemption or redeem means the owner pays you to get the property back. He has a legal right to do this, within a certain amount of time in Texas.
When the tax assessor says his office is a “trustee,” that means his office filed a property tax lien. Local governments around the US put liens on the property when taxes are not paid. When collection efforts fail, the county sells the lien. It’s now a tax defaulted property. This is sold at a public auction.
There are two kinds of tax defaulted property auctions. The first is a tax lien sale; this gives you the right to collect the past due taxes, plus interest. Eventually, you can foreclose on the property and own it if the taxes are not paid. A tax deed auction means you get the property immediately. The owner can’t redeem it.
Texas law requires tax deed auctions to be held on the first Tuesday of the month at the county courthouse. However, a county may not have a tax defaulted property auction every month. Texas also has 254 counties, so several counties have an auction every month. You can contact each county to find out when auctions are planned.
You don’t have to wait for an annual property tax lien auction to buy tax liens. Counties in many different states offer their unsold property tax liens for sale throughout the year. Many county tax collectors and county treasurers provide a list of their available property tax liens on their websites. Some of these property tax liens can also be for undeveloped land without any houses or buildings on top of the land. You can use the websites of tax collectors and county property appraisers to do your property research and conduct your due diligence. If you find a property tax lien that you would like to purchase, you can simply send your payment to the tax collector and receive the tax lien by regular mail.