Nearly half of states in the U.S. use the sale of tax lien certificates to manage defaulted property taxes. The certificates are auctioned to the public at:

Question

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Tax lien certificates are typically auctioned off to the public at a discount from the face value of the property taxes due, usually at a rate of 10-30%. The winning bidder then has the right to collect the delinquent taxes, plus interest, from the property owner. This allows the government to quickly recoup the unpaid taxes without having to go through a lengthy foreclosure process.

Nearly Half of States in the U