How North Dakota Tax Liens Work
North Dakota is a tax lien state, meaning when property owners fail to pay their property taxes, the county sells tax lien certificates to investors rather than the property itself. As an investor in North Dakota tax liens, you pay the delinquent taxes and earn 9% annual interest when the property owner redeems.
North Dakota Redemption Period
Property owners in North Dakota have 36 months to redeem their tax lien by paying the delinquent taxes plus 9% interest. If the owner doesn't redeem within this period, you may be able to foreclose and potentially acquire the property.
Calculating Your North Dakota Tax Lien ROI
Use the calculator above to estimate your potential returns on North Dakota tax lien investments. Key factors affecting your ROI include:
- Purchase price: The amount you pay at auction
- Interest rate: North Dakota's statutory 9% rate
- Holding period: Time until redemption or property acquisition
- Property value: Potential profit if you acquire the property