i have been looking in local newspapers and would like to know more information on how the process works
2007-08-16 10:55:30 · 3 answers · asked by mgbuild2005 1 in Business & Finance ➔ Taxes ➔ United States
Auction, The city auction, depending on the agency who confiscated the house.
2007-08-16 10:59:49 · answer #1 · answered by shammas21 3 · 0⤊ 0⤋
You can't claim real estate from unpaid PERSONAL property taxes, only REAL property taxes.
The process on disposal of real property for unpaid property taxes depends upon the state.
Some auction the property off directly to the highest bidder. There may or may not be a redemption period for the owner of record to pay the taxes to the new owner and recover title.
Others auction off the right to collect the taxes. In that case the owner of record has a period of time that they can redeem the tax deed for what you paid for it plus accrued interest.
You can expect any leinholder to be there bidding on it to protect their rights.
For local procedures, contact the local tax collector. They'll be happy to explain how the process works and let you know if there are any pending sales.
2007-08-16 12:06:54 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You can contact the Tax Dept in your County or the City and inquire on the property that you are interested in, and they can tell you how much is owed on the personal property taxes.
2007-08-16 11:22:04 · answer #3 · answered by happner 1 · 0⤊ 0⤋