This is my first house. My father always took care of the
bills. Since he passed away I've screwed up several things.
My sister says that someone she knows almost lost their
house because they ignored some taxes, even though their
was no mortgage on the house. Someone else was paying
the taxes and she came within a few days of the other
person being able to take the house for about $400.
Is that possible? Is that state taxes or is it impossible to know
without research? I'm kinda scared.
Tax Sales are common to most areas. It generally takes at least two
years of unpaid property taxes before the property is listed as a 'Tax
Sale' and then it takes several more years wherein the owner has ample
opportunity to pay the back taxes and redeem the property. I am
certain that the owner would get at least an annual notice of the tax
due situation during this time as a reminder that he/she needs to pay
the taxes before the property is sold for taxes owing. Nothing is
going to happen in a week or two if you fall behind in paying your
property taxes. Go down to your City Hall in person and talk to
someone there about your tax situation and what you need to do to
clear the matter up.
The reply given by Des is exactly correct, and very good advice.
The taxes are usually local County taxes, but they become liens on real
property. Here in Florida, our public schools are mostly funded by real
estate taxes which are levied each year and automatically become tax liens
on real property until they are paid.
If you now own the home then of course you should have a Deed. Take that
Deed down to your local City Hall (so they will have a description) and
check on the status of your real estate taxes, and also confirm that your
name and mailing address are correctly shown on the tax records. They will
set you straight. Most larger cities have a separate real estate tax
office, but City Hall can direct you.
If you **don't** have a Deed, see a lawyer.
Good Luck !!
Taxes. Federal/State can file a claim if you get caught up in tax evasion
(Non-compliance of filing income). Local taxes such as City tax. Here we
have property tax (County). If you pay late, there is a penalty. Usually 5%
after the due date through 30 days, from there it goes up to a higher %.
They don't just take your home, they are willing to work with you. You'll
get plenty of notices b/4 any action is taken. Last thing they do is put a
public notice in the local paper for auction if they must force a lien. The
homes do not just go for the taxes which are owed, a lot more usually. But
then I see homes up for auction where $200k lien is on them and the home
only goes for $140k on auction. Means you are still stuck paying the
balance unless you file bankruptcy or some other paperwork which you should
have had a lawyer long b/4 that point.
Get someone to handle your financial business if you're not capable.
The feds are willing to "work with you" if you come up with some money
and take the initiative. They are also willing to place a lien on your
bank accounts and professional licenses, and come get anything of value
that you own.
Round these parts, unpaid property taxes go to the auction stage within
a couple of months after the due date. Very unwise to let it go. It is
basic, before "fixing up the place" or mowing the grass or paying the
utilities. Take care that the property taxes are paid before you think
of anything else. Good luck :o)
Property taxes have to be paid yearly (usually to the county), or in many
states someone can buy the property for the amount of back taxes. I would
think that a mail notification would be sent to the address before tax
sale and that you would still have some time after tax sale to reclaim it
(assuming you have title). But rules vary, so you should check with
whatever government handles property tax in your area.
In my case I purchased a home on a double lot, and because the title
insurance company paid the first installment late, there was not enough to
cover taxes and interest for both lots. And my mortgage holder (escrow)
overlooked second installment for that lot. My first sign of a problem
was when I received notification in October that it would be sold for
taxes in November. Due to prompt action on my part the title company paid
their share for first installment, but Washington Mutual was dragging
their ass about paying the other installment from escrow, so I paid that
myself just before tax sale.
So it would be in your best interest to make sure that any property tax
due in 2003 was paid, and pay any due in 2004. Otherwise you may get a
knock on the door some day by the county sheriff asking you to vacate.
David Efflandt - All spam ignored http://www.de-srv.com /
On Sat, 21 Feb 2004 09:02:47 -0800, "Not so quick"
Property taxes. Call your tax assessor for details.
Oughta be. Pay up or face the consequences.
And I'm sorry, but you get no sympathy from me. I have to pay my
taxes, you should have to pay yours. If you can't afford them, sell
the house and move to one you can afford, or an apartment. If you let
me know the property address, I'd be interested in buying it at a tax
sale and renting it back to you at the market rate. At least until I
got a better offer to flip it and make some cash.
Why? Because he pays his taxes?
Its simple...if you cant afford to put gas in your car, you park it....if
you cant afford to pay property taxes, you need to sell the home.
Renters dont have that property tax to deal with, so his offer actually
makes sense. The OP could stay in the home, remove the property tax debt,
and simply pay rent....btw, thats all a damn property tax is anyway...you
think you own the home? Forget to pay your taxes and see...
If someone can't afford to the pay the taxes on the home, maybe the
cable modem should be the first to go. The original message appeared
to have been posted via a broadband company. <G>
Maybe it's a troll?
Think about it as waste control. If this house is not bought at the tax sale
and the county/town can't sell it, it will be torn down and the land sold to
developers. We make decisions that affect our future wealth. If we make a
bad decision about taxes or loans then our estate is destroyed through tax
sale or foreclosure. If there is nobody (i.e. investor) to pick up the
pieces, turn the property around and return it to society (paying taxes all
the time...) then not only the personal estate is destroyed, but also our
common investment in the property and its servicing is voided. This way a
personal loss with already high social cost is worsened by a material loss
to the society.
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