Information on Tax Sales and a Tax Sale Attorney’s Forms of Assistance
A house has a property tax an owner ought to pay but consecutive misses on paying it, will make the government put your house on a tax sale and it can be bought by someone else. Government expenditure for local governance, police/fire protection, local education, public infrastructure, and medical services come from the property taxes the citizens pay. Taxes really matter for the government that needs the different expenses.
The government can put your house on the list of properties for a tax deed sale or a tax lien sale. Through this method, the local government is able to get the delinquent tax you need to pay.
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. At the same time you will receive a notice for a tax sale. A public bidding will take place and the initial value starts at the overall due amount of the property. The one who with the best bid gains a tax deed or a tax lien certificate.
A tax deed means that the government will sell ownership and the rights to a property. Through a tax deed a person will acquire a property on a tax sale.
A tax lien certificate means that the government will sell the taxing authority over a property. 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. 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.
A tax sale lawyer can help you redeem the property. 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. You can also consult a tax sale lawyer to set aside a sale through loopholes that might be present in the tax sale.
A tax lien sale can be countered by your lawyer as well, who would give you proper advice. The process is similar as that of the tax deed sale.