How South Carolina Tax Liens Work
South Carolina 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 South Carolina tax liens, you pay the delinquent taxes and earn 8% annual interest when the property owner redeems.
South Carolina Redemption Period
Property owners in South Carolina have 12 months to redeem their tax lien by paying the delinquent taxes plus 8% interest. If the owner doesn't redeem within this period, you may be able to foreclose and potentially acquire the property.
Calculating Your South Carolina Tax Lien ROI
Use the calculator above to estimate your potential returns on South Carolina tax lien investments. Key factors affecting your ROI include:
- Purchase price: The amount you pay at auction
- Interest rate: South Carolina's statutory 8% rate
- Holding period: Time until redemption or property acquisition
- Property value: Potential profit if you acquire the property