What Is a Tax Lien Certificate?
A tax lien certificate is a lien on your property for not paying your taxes. If you fail to pay your taxes off, the county government will auction off your property. The winning bidder will receive a tax lien certificate as a proof of purchase. They can then charge interest of up to 50% or they can foreclose on the property and become the owner of the real estate free and clear.
Other Certificate Lien Tax FAQs
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Q:
What Is A Tax Lien?
A: A tax lien occurs when someone or something fails to pay their taxes on property, gifts, or even estates. A lien is a form of ownership over that … More
