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Is it a fraudulent transfer if the buyer of a forclosed commercial property did not pay the taxes owed for nearly one year?

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Payment of delinquent property taxes are governed by state law. In general taxes due on property acquired by foreclosure are due at time of sale. Some states do have laws granting a grace period under specific circumstances. If the law required taxes to be paid at the time of sale, and they weren't, the sale is not valid.
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Who pays the property taxes on heir property when one of the heirs are living at the property?

The decedent's estate must be probated in order for legal ownership to pass to the heirs. The legal owners are responsible for paying the taxes. If one heir is living on the p

How do you find out if there are back taxes owed on a property?

To find out if back property taxes are owed on property (real estate or personal property) call your local city or county treasurer's office. Some cities and counties have tax

What does property tax pay for?

Property taxes are normally used to fund the services in the area, such as police, fire department, roads (and plowing them!) and local library. Some portion of the taxes are

Who pay tax on income property?

  The owner of the property pays the tax on the income generated by the property. This is known as the "fruit of the tree doctrine."

Does Florida pay property tax?

Resident property owner do pay property taxes to the state of Florida each year.

Do you owe taxes the year you die?

Yes. But since you will not be around to pay them, your estate will be responsible for paying them. If you are married and your spouse files a joint return for the year you

If you die and owe taxes will your son have to pay?

  No. You will. You may be physically dead, but as far as all business affairs, your alive until your estate is settled. So nobody you want to get anything is getting anyt

Do you pay income taxes on rental forclosed property?

Possibly. It depends on your basis, how much depreciation you have claimed, whether the loan is recourse or non-recourse, and whether the bank is canceling the unrecovered b