Failing to do your responsibility as a homeowner in paying your property tax will lead to a tax sale, in which you would eventually lose your property. A property tax is important because it is used to support efforts on local infrastructure, medical services, local government, police/fire protection, and local education. This is the reason why the government is very particular with taxes in general.
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. Most of the time, the court is not that involved in organizing a tax sale for a property, which is why you have to be consistent in paying the property tax. Your property gets recorded in the local government for available tax sales, and they publish your property in the newspapers’ tax sales. Once the tax sale is finalized, a notice will be given to you regarding it. A public bidding will take place and the initial value starts at the overall due amount of the property. If you won the bidding you get tax deed or a tax lien certificate, which was mentioned earlier.
What happens in a tax deed is that the authorities puts the property and the rights to it on sale. Through a tax deed a person will acquire a property on a tax sale.
What happens in a tax lien certification is that the authorities put the taxation rights of a property on sale. If you have a tax lien certification then you get the payments for the penalties done from the property owner. 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. The tax sale attorney can assist you throughout the process of an impending tax deed sale or tax lien sale.
A tax sale lawyer is able to aid you in redeeming your property from a tax deed sale. The lawyer can tell you counter the tax deed by paying the purchaser’s total expenses to acquire the property back. Through a lawyer you will be able to redeem the property even if the bidding has not taken place yet. A tax sale lawyer is capable of formulating a good reason why you were not able to pay the taxes, if problems are identified from the tax sale.
If your property is on a tax lien sale, then a lawyer is capable of guiding you in the process of redeeming it. Redeeming a tax lien sale is no different than the tax deed sale.