A homeowner who does not pay the property tax for the house can lose it through a tax sale. Government expenditure for local governance, police/fire protection, local education, public infrastructure, and medical services come from the property taxes the citizens pay. If you are from the government then you will fully understand the importance of taxes.
Once you fail to pay your property tax the consequences include your property gets put up for tax lien sale or a tax deed sale. This is a way for the government to collect the delinquent taxes from you.
States vary in their regulations of the tax sales. You have to be really careful with it because, the government usually proceeds with the tax sale without consulting the court. Your property gets recorded in the local government for available tax sales, and they publish your property in the newspapers’ tax sales. You will then be informed of the pending tax sale. Interested persons attend the property’s bidding where they have to exceed the property’s value that includes all of the penalties the owner has to pay. Having the winning bid entitles you to either a tax lien certificate or a tax deed.
The proceedings of a tax deed involves the selling of a property and its ownership rights to someone. A tax deed will entitle you to the house sold by the government.
A tax lien certificate means that the government will sell the taxing authority over a property. A tax lien certificate entitles you to receive all of the taxes that the owner has to pay for the property he or she has on a tax sale. If there is a failure on the homeowner’s side to pay the tax lien certificate-holder of all the penalties, the certificate-holder has the right to do the necessary steps to acquire the property instead.
A tax sale attorney can help you if your property is placed on a tax sale. You can always ask for a tax sale lawyer’s aid whenever your property is recorded for a tax deed sale or a tax lien sale.
The redemption process of your property can be hastened by a tax sale lawyer. He or she can guide you in refunding the purchaser of all the amount spent for the tax deed. If the redemption period takes place before the bidding, the lawyer can tell you of that as well. Aside from that, a tax sale lawyer can help you in setting aside the sale by identifying problems in the tax sale process.
If your property is on a tax lien sale, then a lawyer is capable of guiding you in the process of redeeming it. The process is similar as that of the tax deed sale.
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