The state of Alabama offers tax lien certificates for sale in May or June. Sales are conducted by setting the minimum bid at a certain amount, and if someone bids more than this then they also receive interest up until 15%. However any overbid above 15% will not get any kind owe except principal returned- which makes it worth your while in try to obtain a great return on investment when investing in Alabama tax lien sales.
The interest rate is 12%.
The redemption period is 3 years. In Alabama, the county tax lien sales are in May or June.