Since we are talking about redemption tax deed states, I wanted to take a minute to describe Louisiana tax deed sales.  Although many investors classify Louisiana as a tax lien state, I'm here to correct the rumors and make sure you know its actual rules as a redemption tax deed state.  What that means is at Louisiana tax sales they do not sell tax lien certificates, they sell a tax deed.  But attached to the tax deed is a redemption period.  Although the investor purchases a tax deed essentially transferring ownership, the property owner still has a period of time to pay back the delinquent property taxes along with any interest or penalties that have accrued to that point in time. The redemption period in Louisiana is one of the longest at 3 years.  That is a pretty long time, but every year that your money is tied up in that investment you would make 12 percent on your money.  That essentially equates to 1 percent every month of the life of the investment.  That is still phenomenal because it is state mandated.  You might return 12 percent annually in the stock market if you are lucky, but you might lose 12 percent, too... so this is still miles ahead of the alternative.  Louisiana also adds a 5 percent penalty at the time of redemption.  So when if the property owner decides to pay their delinquent taxes with interest then another 5 percent is tacked on at the time of redemption and is classified as a penalty.  So if they redeem at the end of the first year, then you would have made 17 percent on your investment. If the property owner does not redeem within the 3-year redemption period, then the property owner loses their right to the property and the investor is a new property owner.  Louisiana tax sales are a great place to invest.  It offers fair returns on your money along with a penalty that the investor receives upon redemption. No Risk Investor is the most trusted resource for tax lien and tax deed investing.  Investors all over the world have joined the ranks of tax lien and deed investors using No Risk Investor's simple resources to make money in tax liens and tax deeds.  No other source provides as many quality lists and tools to help investors quickly find great investments that will return 16% - 50% every year.