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. Without the court’s involvement, your property gets listed in the records and in the newspaper. 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. If you won the bidding you get tax deed or a tax lien certificate, which was mentioned earlier.
The proceedings of a tax deed involves the selling of a property and its ownership rights to someone. If you have a tax deed then you have a new property in your hands.
What happens in a tax lien certification is that the authorities put the taxation rights of a property on sale. 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. When the property owner still fails to pay all of the taxes then the tax lien certificate-holder can foreclose the property to own it eventually.
You have to get a tax sale attorney’s assistance for such cases. He or she can help save your property from a tax deed sale or 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. 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.
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.