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