Quick answerOhio sells liens + tax deeds (hybrid) for unpaid property taxes. Lien buyers can earn For tax lien certificates: up to 18% per annum, bid down at auction (lowest rate wins), simple interest (ORC 5721.32(C)); subsequent taxes paid by the certificate holder accrue at 18% regardless of the bid rate. Tax deed / foreclosure sales pay no interest - the buyer acquires the property.. Redemption: For lien certificates: the holder may not initiate foreclosure until at least 1 year after the certificate sale (ORC 5721.37(A)); the owner may redeem until foreclosure is confirmed / a decree conveying title is entered (ORC 5721.38). For tax foreclosure (deed) sales, the owner's equity of redemption is cut off on confirmation of the sheriff's sale. Sales: Lien certificate sales are annual in eligible large counties, typically in the fall (October-November in the major metros); tax foreclosure sheriff sales and county auditor forfeited-land sales occur year-round on county schedules (some sheriff sales are weekly). Governing law: Ohio Revised Code Title LVII, Chapters 5721 (delinquent lands; 5721.31-5721.38 tax certificates, 5721.19 deed sales), 5722 and 5723 (forfeited lands).