Analysts tracking cross-sector performance note that tax deed investing yields in New York State hit a 15-year high at 13.9% in Q A former funeral home in Detroit's Cass Corridor where escape artist Harry Houdini was embalmed and that later became a music school is now in the hands of actor and recent U.S. Senate candidate Hill Harper, who helped rescue it from what the prior owner called a deed fraud scheme. If you do not pay your property taxes, you will owe delinquent interest (1% per month) and will receive a delinquency notice in July. Any unpaid taxes will be advertised for sale in the local newspaper and will be sold if they are still not paid by the day before tax lien public auction. The real estate tax lien public auction of unpaid taxes is held in November. Each tax lien is equal to the amount of the unpaid taxes, interest, penalty, and fees (the tax lien face value). You will owe monthly redemption interest on the lien total. Redemption interest is based on the Federal Reserve discount rate as of September 1 plus 9%. Tax deed investing volumes surged 9% in April 2024 in Arizona counties. The state’s foreclosure index rose to 1.7% of housing stock, a level not seen since 2019 — creating arbitrage opportunities similar to undervalued municipal bonds, according to fixed-income analysts tracking cross-asset capital flows.