the property is in Texas and I was served with court papers
2007-09-02 11:23:46 · 4 answers · asked by John H 1 in Business & Finance ➔ Taxes ➔ United States
You would owe 10% of the taxes. However, if the other owners do not pay, then you will lose the property for back taxes even though you have paid your part of the taxes.
2007-09-03 04:40:18 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
What did the court papers say? For most taxes that are jointly owed, the taxing body will try to get 100% of the tax due from whoever they can get it from.
2007-09-02 15:03:30 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
The taxes are due on the property not from the owners.
2007-09-02 11:47:46 · answer #3 · answered by Anonymous · 0⤊ 1⤋
If 100% of the taxes doesn't get paid, you will lose your investment.
2007-09-02 11:35:38 · answer #4 · answered by bob shark 7 · 0⤊ 0⤋