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A tax certificate is a first lien on real estate and bears interest at the maximum rate allowed by law (18%) unless the bidder's bid rate is lower. However, when a tax certificate is redeemed and the interest earned on the tax certificate is less than five (5%) percent, the mandatory charge of five (5%) percent is levied upon the tax sale certificate. The person redeeming (paying) the tax sale certificate pays the interest bid rate or the mandatory charge; whichever is greater. This applies to all tax sale certificates except those with an interest rate bid of zero (0) amount.