Property taxes are used to do many things within your town or borough. They use taxes to build and maintain roads, update sewage lines or other utilities they might provide, general maintence of the town and many, many other things. So, if we didnt pay taxes on our property, the town would reflect that, by bad roads and no maintence. The quality of living in your town would decrease immencely. That is not a good thing. But by owning a home in a town and paying taxes, the town would reflect a good quality of surroundings, which in the end, helps you with the value of your property as who wants to own property in a poorly maintained town? So, in the end, it helps you too. If monies are used correctly, it is a good thing for everyone concerned.
No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account
CT real estate property taxes are paid in arrears
Yes. The taxes on owed on the property, no matter who owns the property.
Property taxes are paid to local governments like counties, not states. If a property is sold at foreclosure auction, usually the county property taxes are paid first out of any proceeds from the sale.
Federal state taxes are taxes to be paid to the federal government on owned property. Theses taxes are to be paid once a year.
Generally the taxes are paid by the estate.
This can be possible when the property taxes are not paid by the owners and the taxing authorities seize the property and sell it at auction to collect the past due property taxes.
No
YES BUT YOU SHOULD DO IT RIGHT AFTER YOU PAY THE TAXES. * No. The party who paid the delinquent taxes has no legal rights to the property. You cannot automatically place a lien against property other than that of a Mechanic's Lien. The paying of the taxes would be considered a loan, the only option for recovery of the monies if the property owner did not voluntarily repay the amount would be to sue the party in the appropriate state court.
If they are property taxes, there is a lien on the property. In those cases the property has to be sold to settle the debts. If there are no assets in the estate, the taxes won't get paid.
No, renters do not pay property taxes. Property taxes are paid by the owners of the property. They may pass that cost down to you through rent, but it will likely be spread out over months.
Absolutely not. That person would be a volunteer, having paid the taxes on property they don't own. Paying the property taxes does not bestow legal title. You would need to obtain title from the heirs or from the town after the town takes possession of the property by tax title foreclosure.