0
My mother inherited land on which she pays the taxes does she own the property?
Wiki User
∙ 11y ago
Your mother is not the legal owner of real property until the estate is probated. If there was a will then the will must be presented to probate court and an Executor must be appointed. If there was no will then an Administrator must be appointed. Legal title to real property cannot pass to the heirs until the deceased owner's estate has been duly probated.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
If your land is taken for unpaid taxes do you also lose the mineral rights?
If the town takes your property for non-payment of property taxes then you lose all rights in the property unless you redeem the land by paying the delinquent taxes.
If a person sales their share of inherited property to the other person who owns the other half of land do you owe taxes?
Yes you will have to report and pay some income tax on the sale of this personal asset to the other owner of this nonbusiness land.
Do I have to pay more in taxes to lease my property out for commercial or residential use?
You should not have to pay more taxes on the property but you will be paying more taxes on the people using the property. The property is going to be the same because they go by the land value and that is how they figure out your taxes.
Is real estate tax same as property tax?
Real estate taxes are commonly referred to as property taxes. However, property taxes can be one of two types: real property taxes (land and improvements to land like structures and accessory or outbuildings) and personal property taxes (vehicles, business and industrial equipment, etc.). Tax laws within each state in the United States define what is real property and what is personal property for tax purposes.
Do you still pay taxes if the land and the property is yours?
yes
Own my mobile homebut renting a lot.Have property taxes that say real estate taxes would the landlord have to pay them?
no, the realestate taxes are for the house not the land and the land-lord has to pay taxes on the land anyway.
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.
Is it community property if the inherited property was not in a community property state?
Inherited property is not generally considered community property. However, if the property is located in another state, the property laws in that state govern. For example, California is a community property state. If the married couple from California inherited land in massachusetts, that land would not be held as community property since Massachusetts is a separate property state. If the California wife purchased property in her own right in massachusetts it would not become community property of the marriage. Massachusetts law would govern the ownership of the property.
Who pays property taxes if life tenancy refuses?
The fee owner should pay the taxes or the land will be siezed by the town for non-payment of property taxes. Property tax liens never go away and interest accumulates. If you're going to eventually receive the land then pay the property taxes. Maybe the life tenant can't afford them.
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
You sold a property on land contract payee is in default and willing to transfer back to you with a quitclaim deed will his delinquent taxes be your respsonsibility thanks?
Yes. Property taxes remain on the land until they are paid.
What is the meaning and requirement of patta for land?
A patta is a legal document in India for land, similar to a deed for property in the U.S. A patta should be drawn up no matter if the property is purchased or inherited, or no matter if the property is just land or land with a building/buildings on it. The only requirements required are that you be the owner of property.
