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Tax Sale Monday, August 26,  St Louis County  Form

Tax Sale Monday, August 26, St Louis County Form

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Instructions and help about st louis county tax liens

hey good morning welcome back okay we're tuesday we're in august 2021 okay i want to give you some tips of uh missouri okay the state of missouri okay missouri's having their tax sale coming up in the month of august 2021 okay so in the state of missouri remember missouri is a tax lien state tax lien state so you're not buying the property you are basically buying the lien on the property now in the state of missouri they have a one-year one-year redemption period one year the person has the right to pay the property taxes back in the state of missouri now the interest rate they pay is a 10 annual interest rate annual interest rate okay so but this is the kicker if the opening bid starts at a thousand dollars okay and it gets bit up to say five thousand dollars all right so you're gonna get ten percent interest on the thousand dollars but you will get zero percent interest over the thousand dollar bid okay so that four thousand dollar difference

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