If the Property is Redeemed, What do I Get?

A Certificate of Purchase is said to be "Redeemed" when the landowner pays all taxes paid by the CP Holder, plus interest and fees. The landowner pays this amount to the Treasurer's Office, and the Treasurer's Office then passes it on to the CP Holder.

Here's a breakdown of what's collected from the landowner at the time of redemption:

- the CP AMOUNT
- a 3% penalty on the CP Amount
- interest on the CP Amount at 15% per year
- any subsequent taxes paid by the CP Holder
- interest on the subsequent taxes at 18% per year

For example, if a certificate is purchased at the tax sale for $500.00, and the landowner redeems the property the next day, the CP Holder won't receive much interest, but will be reimbursed all the money paid at the tax sale plus the 3% penalty. So, the CP Holder would receive $515.00 for their 1 day investment.

How does the tax sale work?
When will the tax sale take place?
What is sold at a tax sale?
How do I find out what's for sale and where it is?
How much does it cost to purchase a certificate at the sale?
What rights to the property does the certificate holder have?
Once I receive a certificate of purchase, what do I have to do?
If the landowner pays the taxes, what do I get back?
How do tax deeds work?
How do I apply for a Tax Deed?