Real Estate Investing
Tax Liens and Deeds
The county will place tax liens on a property that an owner has failed to pay by a specific date. If a property owner fails to pay his taxes they don’t just go away they will accumulate until they are paid and are considered delinquent.
If the taxes are not paid on real property it will be subject to be sold. Each state has set procedures to penalize property owners who are delinquent on taxes. Each state could have different procedures in place as well as each county.
Depending on the state or county the time period before the government will come after you ranges from six months to five years. The government will issue a tax certificate, usually interest bearing, and then sell the property at a public auction. Sometimes they will just sell the property.
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Dave Simmons said:
Very good and useful information. Keep up the good work.
Panzer said:
Good site, admin.
Lexus said:
Good site, admin.
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