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 Taxation FAQs
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Q:
Do I Have To Pay My Taxes?
A: Generally yes. You must pay your taxes every year. Some people may argue that the collection of taxation is unconstitutional, however, it has been ruled … More -
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 -
Q:
Can I Request A Tax Extension?
A: Whether you are having trouble filling out the paperwork, need more time to collect money to pay your taxes, or for some other reason, sometimes you need more time … More
