now they are both dead. I've heard of a tax deed. The person who pay the taxes own the property. Is this true?
2007-09-01 04:17:56 · 8 answers · asked by frank_200654 1 in Business & Finance ➔ Taxes ➔ United States
No, but possibly you will inherit it anyways. Are you the only child? What does it say in your parents will about who gets the property?
2007-09-01 04:22:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As a teacher, I can tell you that is only the tip of the iceberg. What many people don't realize is there is NO THREE MONTHS off... it's more like 7 weeks where we are expected to attend summer workshops or teach summer school or tutor. Also, forget going home at 3:30.... it's more like 6:00 or 7:00. In the business world, if you do an outstanding job, you get a bonus. A teacher gets a complimentary sweet roll. But still, we're here... in spite of the ridicule... because we make a difference. And we know it, and so do the kiddos. We're the only parents some of them have.
2016-05-18 21:22:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No
Tax Deeds are for selling the property to recover deliquent taxes, not for putting a claim on a property you paid taxes for.
Since you are their only child and apparently no Will was left, you have to go down to the Probate Court(town hall) and Probate both parents estates.
Once that is done; If no taxes are owed and there are no liens on the property it should pass on to you.
Make sure to bring proof that you paid the taxes and anything else you made payments on.
2007-09-01 04:28:03 · answer #3 · answered by Helpfulhannah 7 · 0⤊ 0⤋
You might look at the laws of adverse possession for your state but just paying the taxes alone will not get the property.
Why do you want to bypass the will?
2007-09-01 13:24:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋
YES, it is possible just look up your states adverse possession rules and regs.
The only way you need to pursue this is if you are not included in the will and there are other siblings who want their share.
You will have to apply for adverse possession, IF THIS is possible through your states rules for doing so, in a hurry.
ADDED
YES, there are parts of the country where you can walk in and pay a back tax bill and end up with the deed.
2007-09-01 06:00:22 · answer #5 · answered by Anonymous · 1⤊ 0⤋
No it is not. However you should find out what their will said as it may be possible to get ownership of the property through inheritance. If they died intestate, state law will determine the inheritance but if you're the only apparent heir you'll get it all anyway.
2007-09-01 04:40:14 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
No, otherwise anyone could steal someone else's property by paying the taxes on it.
2007-09-01 08:12:46 · answer #7 · answered by StephenWeinstein 7 · 0⤊ 1⤋
No, you don't own it just because you've been paying the taxes. Whether or not you own it is part of the distribution of their estate - their wills if they had them, or the laws of your state if they didn't have wills.
2007-09-01 10:56:58 · answer #8 · answered by Judy 7 · 0⤊ 1⤋