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Can you still REPAY MY PROPERTY TAXES EVEN IF IT HAS BEEN SOLD AT TAX SALE?
Wiki User
∙ 16y ago
Check to see what the period of redemption is in your state. You may have a year to redeem the property by paying the taxes and associated costs and interest.
Wiki User
∙ 16y ago
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How long does it take if the taxes on your house have not been paid for the state to take it if it has not been paid in four years and you still are not making payments?
AnswerThat's something the state law where the property is located determines. Another factor would be the amount of taxes owed compared to the value of the property. For example, most judges would not let the state seize and sell a home that was worth if there is a gross disparity between taxes owed and what the assessed value of the property.
What Is A Fixed Charge?
A fixed rate is a type of security under which a property or an asset consisting of equipment is used as security for the business loan. If you fail to repay the loan in accordance with the terms under which it has been granted, the asset in question is forfeit.
WILL the borrower BE hELD responsible for property taxes during foreclosure?
It depends on whether or not they have already been paid. Some sellers request a partial refund for any taxes already paid. Others will pay them for you. Just depends on what the seller wants to do really.
What taxes paid on a mortgage can be claimed on a personal income tax?
AnswerThere are four types of deductible nonbusiness taxes:* State, local and foreign income taxes; * Real estate taxes; * Personal property taxes; and * State and local sales taxes.To be deductible, the tax must be imposed on you and must have been paid during your tax year. Taxes may be claimed only as an itemized deduction on Form 1040, Schedule A.Deductible real estate taxes are generally any state, local, or foreign taxes on real property. They must be charged uniformly against all property in the jurisdiction and must be based on the assessed value. Many states and counties also impose local benefit taxes for improvements to property, such as assessments for streets, sidewalks, and sewer lines. These taxes cannot be deducted. However, you can increase the cost basis of your property by the amount of the assessment. Local benefits taxes are deductible if they are for maintenance or repair, or interest charges related to those benefits.If a portion of your monthly mortgage payment goes into an escrow account, and periodically the lender pays your real estate taxes out of the account to the local government, do NOT deduct the amount paid into the escrow account. Only deduct the amount actually paid out of the escrow account during the year to the taxing authority. Yor mortgage company generally provides this to you with their year end information.
Do you have to repay section 8 money?
Generally not, unless it has been determined that you fraudulently received housing assistance.
Is there a country without property taxes?
Yes. New Zealand currently has no property taxes, but the government has been considering introducing it.
How long does it take if the taxes on your house have not been paid for the state to take it if it has not been paid in four years and you still are not making payments?
AnswerThat's something the state law where the property is located determines. Another factor would be the amount of taxes owed compared to the value of the property. For example, most judges would not let the state seize and sell a home that was worth if there is a gross disparity between taxes owed and what the assessed value of the property.
What has been a negative effect of gentrification?
increased property taxes in poor urban neighborhoods
What options are available to recover life estate property when the taxes have been defaulted on and the property is subject to sale in Wisconsin?
The only recourse is to pay the taxes or the state will take the estate and the son will get nothing.
Who is responsible for back taxes on a quitclaim deed?
It is the responsibility of the land owner to pay the property taxes. If a land owner is selling property for which back taxes are owed the payment of the taxes can be part of the negotiations for the sale of the land. However, the issue must be addressed prior to the sale.It is up to the purchaser of property to make certain the property taxes have been paid by the seller at the time of the purchase. If the buyer doesn't demand proof the taxes have been paid BEFORE the sale, the land will be acquired SUBJECT TO any back taxes owed. If land is purchased for which back taxes are owed the new owner will be responsible for paying the back taxes or the town will take possession of the property.The purchase of real property should always be supervised by an attorney. One of the first items on the land purchase check list is to obtain a certificate from the town that states the taxes are paid.
Can the government just take a property from you if you have been willed the property it and it can not be sold?
Because of taxes, yes....unless you have money to pay the taxes on it (one of them is the inheritance tax)That's in the United States, not sure about other places
Is property tax owed on land in Puerto Rico?
Yes, land owners are required to pay property taxes in Puerto Rico. However the value of the land has not been updated for ages, so property taxes are low. If you need more information visit: www.asesorialegalpr.com
If there are no direct descendants of a land owner and taxes have been paid how is the property claimed?
Generally when a person dies intestate with no living relatives their property escheats to the state.
What is an unreleased mortgage?
An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.
Pay Some Money?
If you have filed your taxes forms and have been shocked by the amount you owe, then you need to figure out ways to repay your taxes. Do not simply fail to pay anything at all to the IRS. The IRS looks very negatively upon people who completely fail to pay any of their taxes. However, if you pay as little as $1 or $2 to the IRS, then the IRS will consider this a "good faith" form of trying to repay your taxes. The IRS needs to receive this payment so that you can then try to come up with a payment schedule.
have property taxes been paid for 8216 Dunbarton Ct?
You need to check with the county tax office to get that info.
Can they charge interest on your property taxes while in Chapter 13 or do they have to wait until it has been discharged?
Property taxes in bankruptcy are usually usually governed by the laws of the state of residency. You can call the state revenue office, ask for the property tax division. They should be able to supply you with the needed information.
