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What happens when you can't pay your property Taxes?

When every thing possible goes wrong for too long. And you can't pay your property taxes. What happens?

Answer Question
 
Angellinda

Asked by Angellinda at 8:28 PM on Dec. 7, 2009 in Home & Garden

Level 21 (11,804 Credits)
Answers (9)
  • The interest keeps building and you will owe more.. If it goes on for a year your property will be put up for a tax sale.
    MrsLeftlane

    Answer by MrsLeftlane at 8:30 PM on Dec. 7, 2009

  • Anonymous

    Answer by Anonymous at 8:30 PM on Dec. 7, 2009

  • In most countries they will put a tax lien on your home. Your county government website will give you the full details. Each county is slightly different.
    ecodani

    Answer by ecodani at 8:31 PM on Dec. 7, 2009

  • If the property taxes you are referring to are the ones for your land/house, if you don't pay them your house will get put up for sale or auction. They would likely send a notice giving you x number of days to get them paid before listing it for sale.
    Anonymous

    Answer by Anonymous at 8:31 PM on Dec. 7, 2009

  • The taxes get sold; you will need to pay whoever bought them about double. You can also lose your home.
    rkoloms

    Answer by rkoloms at 7:21 AM on Dec. 8, 2009

  • if there is a lien on your house and you end up selling that will cause trouble. Can you refinance and get it so your property taxes and such come out of an account that accumulates every month? Thats what we have. the term escapes me right now...escrow.
    pagirl71

    Answer by pagirl71 at 7:45 AM on Dec. 8, 2009

  • I don't think they do anything for several years of it adding up, then there's penalties and interest on the taxes themselves, so by the time people know they have a problem they usually owe tens of thousands of dollars. You need to get a tax attorney and try to pay it off in installments on the principle, or you will never catch up. Not paying your taxes is a game only rich people can play. The IRS WILL get you!
    Anonymous

    Answer by Anonymous at 8:19 AM on Dec. 8, 2009

  • The IRS has nothing to do with property taxes. When you go enough cycles without paying (depends on the county and how broke they are how many cycles it is) they will put you up for tax sale. You get a certified letter telling you exactly how much you have to pay to keep it from sale and how long you have to pay it before the sale. You will also be published in the paper with the legal notices (our last sale here had over 3000 properties up because unemployment is so bad right now).

    If you don't get the money in time, someone will buy your tax debt. They are not allowed to come on your property immediately (here the law gives you one year, that also varies by county), and you have to pay them the tax debt plus interest to get your house back free and clear.
    NotPanicking

    Answer by NotPanicking at 8:32 AM on Dec. 8, 2009

  • Agree with NotPanicking. Property taxes are not run by the IRS, but rather by local entities such as counties, etc. Each county has their own way of working things. In my county, if the property taxes are not paid timely, they will send notification of when the tax sale will be. They will tell you what date you must pay the taxes by at the latest to keep your home from being included in that sale. Here it is only three months after taxes are past due.
    Anonymous

    Answer by Anonymous at 11:23 AM on Dec. 9, 2009

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