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Welcome to Kite Tax Lien Capital

Thank you for visiting KTLC.us ~ Kite Tax Lien Capital, LLC.

Kite Tax Lien Capital was formed to invest high yield tax lien certificates secured by real property utilizing proven strategies to capitalize on opportunities in the tax lien and real estate markets. Our mission is to provide our partners with a superior return in a unique asset class that diversifies and enhances their investment portfolio.

Over the last eight years our experience and success with real estate, tax lien certificates and tax deeds has led to the natural evolution of our business into related fields, including Community Development District bonds (CDDs), foreclosures, distressed debt and real estate auctions. Our tax certificate funds and other investment partnerships have provided risk adjusted returns to our partners that have outperformed nearly all other similar asset classes over the same time frame. The recent stabilization of the real estate market in Florida is providing further opportunities to exploit inefficiencies in the market place of the assets we deal in and provide exceptional returns on investor capital.

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Learn about tax lien certificates

Every year, municipalities throughout the U.S. auction off their accounts receivables on monies owed by individual property owners in the form of real estate tax lien certificates. Tax lien certificates (Certificates) are liens secured against property (real estate) for non-payment of municipal charges. These charges include real estate taxes and water and sewer charges owed to the municipality.

Wages for school teachers, police officers, firefighters, bus drivers, municipal employees and other critical services are paid through the collection of property tax revenue. When a municipality is unable to collect these taxes, it jeopardizes the municipalities’ ability to provide these services to the taxpaying residents.

Unpaid ad valorem or property taxes become a lien on the property once they become delinquent. In Florida, for example, 2012 property taxes become due November 1, 2012 and are delinquent if not paid by April 1, 2013. The tax obligation is recorded in the records of the local government where the property is located, and until the taxes, penalties and interest are paid the tax lien remains.

Local governments auction off their accounts receivables on monies owed by property owners in the form of real estate tax lien certificates. This allows the local government to obtain the money for the Certificate at the sale, rather than waiting for the taxes to be paid to receive the funds. As the holder of the Certificate, the investor steps into the shoes of the government and has the right to receive the government’s interest and the same rights over the property that the government would have.

Typically, the value of a Certificate is approximately 2% of the tax appraiser’s value of the underlying property. Depending on the jurisdiction, after two or three years, the owners of these Certificates are entitled to have the issuing government agency auction the underlying property in order to pay off the total monies owed under the Certificate. Tax lien certificates have a priority of repayment over and above almost any other non-government lien. Tax lien certificates are superior to mortgages, home equity lines, construction or other liens, and condo or homeowner association liens and claims.

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