New York

* NYC and Nassau County sell tax liens to registered investors only.

 

 

Legal Type Tax Lien
Sale Date Varies by county
Applicable Law NY Real Property Tax Law CH 50-a, Article 11
Bid System Bid Down
Statutory Interest Rate 10% penalty every 6 months
Redemption Period (Months) 24 (option to extend to 36)
Interest Accrues Semi-annual
Premium allowed? No
Can pay subs? Yes
Interest Rate for Subs Bid Rate
Frequency of Property Taxes

January 1 (all counties)

July 1, October 1, January 1, April 1 (NYC)

Tax Lien Expiration 17 years (Nassau County)

 

 

 

Legal Type Deed
Sale Date Varies by county
Applicable Law NY Real Property Tax Law CH 50-a, Article 11
Bid System Bid Down
Can pay subs? Yes
Interest Rate for Subs No
Frequency of Property Taxes

January 1 (all counties)

July 1, October 1, January 1, April 1 (NYC)