Sale Type	Redeemable Tax Deed
Interest Penalty	25% Penalty per 6 Month Period
Bid Method	Premium Bid
Redemption Period	6 Months or 2 Years
Sale Date(s)	First Tuesday of Every Month
Statute Section(s)	Ch 34, Tax Sales and Redemption - Sec 34.01
Over-the-Counter	Yes - Struck Off, Trustee, or Land Trust Properties
Texas State Website	http://www.texas.gov/en/Pages/default.aspx
Texas County Website	http://www.texascounties4u.org/websites.html

 

Texas State Overview

Texas is a popular state because as they say "everything is bigger in Texas." Texas offers one of the highest, if not the highest, interest rates available of all 50 states. After the first year you may make 50% penalty interest on your investment. Many of the counties in Texas use law firms to handle their back taxes and sale of redeemable tax deeds. You can find the main law firms that handle Texas here:

• Perdue Brandon Fielder Collins & Mott LLP, Attorneys at Law www.pbfcm.com
• Linebarger Goggan Blair & Sampson, LLP, Attorneys at Law www.publicans.com
• Ray, Wood, and Bonilla http://www.rwblaw.net/
• McCreary, Veselka, Bragg & Allen, P.C., Attorneys at Law www.mvbalaw.com

For any county that does not use a law firm, check with the tax collector department for that county.