.After 10 days, what percentage do lien holders receive for a redeemed certificate with an amount between $5,000 and $10,000?

• A. 2%
• B. 4%
• C. 6%
• D. 8%

Answer: (B)

The key idea is that tax lien redemptions follow a tiered premium schedule set by statute: the lien holder earns a certain percentage of the redemption amount as a penalty or interest based on how long after the sale the redemption occurs and, sometimes, the size of the lien. After the initial period (in this case, 10 days), specific brackets apply.

For a redeemed certificate with a balance between $5,000 and $10,000, the typical rule grants a 4% premium on the redemption amount once that 10-day mark has passed. So the lien holder would receive the original amount plus a 4% premium, reflecting the longer waiting period but a mid-range certificate value. This is the best answer because it matches the common statutory bracket for that time frame and dollar range.

Note that the exact percentages can vary by jurisdiction, and other brackets (like 2% for very early redemption or 6%/8% for larger amounts or longer waits) exist, but for this scenario the 4% figure is the correct one.