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How to qualify fir a loan with a property tax lien ny state?
The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.
Do you pay property tax on a condo?
A condominium is a home; it exists on real property; most condominium owners pay property tax.You can check with your local county or provincial assessor to find the answer you want.
If property is being sold for back taxes in a couple days and someone else finds out goes to courthouse pays all the back taxes due on the property because owners did not want the property. who owns?
Typically, if the back taxes are paid by anyone before the tax sale, ownership of the property does not change. If there was a written agreement between the owners and the person who paid the taxes that stated that the owners agreed to deed the property to the tax-payer after the tax-payer paid the taxes, then the agreement could be enforced as a legally binding contract and the owners could be forced to deed the property to the tax-payer. However, the owners remain the owners until they deed the property to someone else or until the property is sold at a tax sale or other type of foreclosure.
Where can I find property tax information for my home?
Your local property tax office.
Who benefits from prop 13?
Proposition 13 benefits property owners, especially long-time homeowners, by capping property tax increases and providing predictability in tax bills. It also benefits commercial property owners as it limits their property tax liability, leading to potential savings for businesses.
is there any real help to refinance for home owners is there any help for home owners behind on property tax?
Find out how you can get federal help for refinancing your home at FHFB.gov, the Federal Housing Finance Board website. Right now you could get help with refinancing, reverse mortgage, or rural home owner programs. If you are delinquent paying your property tax, you need to ask for an extension and if you think your home is assessed too high, protest the appraisal.
Does every rental property involve a rental property tax?
In the U.S., property taxes are generally paid by property owners. Renters generally pay a fixed monthly amount to the landlord/proprietor with no tax added.
Who pays for property tax?
Usually the owner of the property is the one that pays the property taxes on the owners property. Some time the mortgage company will pay them from a escrow account but the money that is in the escrow account comes from the property owners monthly payments.
Do you have to pay property tax on a trailer?
Yes, in most states in the United States you will pay either a personal property tax or real property tax on a trailer (also known as mobile home or manufactured home). Each state defines what constitutes personal property or real property as the terms relate to mobile homes but typically a mobile home that is permanently fixed to the site is considered real property. If you own land where a temporary mobile home has been placed you could receive a real property tax bill for the land and a personal property tax bill for the mobile home.
Can you claim on your income tax the detectable from your home owners insurance?
No.
Do business owners have to pay a tax on rental property?
Property taxes are generally the responsibility of the owner. They are paid for by the owner from the rent he or she receives. If the business owns a property and rents it to others, they must pay tax, but if the business rents the property, they do not.
If only one of the four owners of a house lives there is he liable for the entire property tax?
Typically, property tax liabilities are shared among all the property owners based on their ownership percentage. However, it's important to check with the local tax authority or a real estate attorney to confirm the specific rules and regulations in that area. If one owner is the sole occupant and contributor to the expenses, arrangements may need to be made to address the tax responsibility with the other owners.
