How Ohio Tax Liens Work
Ohio 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 Ohio tax liens, you pay the delinquent taxes and earn 18% annual interest when the property owner redeems.
Ohio Redemption Period
Property owners in Ohio have 12 months to redeem their tax lien by paying the delinquent taxes plus 18% interest. If the owner doesn't redeem within this period, you may be able to foreclose and potentially acquire the property.
Calculating Your Ohio Tax Lien ROI
Use the calculator above to estimate your potential returns on Ohio tax lien investments. Key factors affecting your ROI include:
- Purchase price: The amount you pay at auction
- Interest rate: Ohio's statutory 18% rate
- Holding period: Time until redemption or property acquisition
- Property value: Potential profit if you acquire the property