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14y ago

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If you pay back taxes on land is it yours?

Generally, if you pay back property taxes on property you do not own you would be considered a volunteer. Your payments would not give you any ownership interest in that property.


Property taxes and rent payments would be classified as which types of costs?

Fixed Cost


What causes increases in the escrow payments having to be paid?

AnswerGenerally, escrow is for paying county property taxes and home insurance. An increase in either of these could be the cause.AnswerEscrow payments are payments in addition to your Principal & Interest that you pay on a monthly basis. Your escrow payments are set aside and used towards year end for the payment of your Property taxes & Homeowners Insurance. If you experience increases in your escrows its largely in part to either an increase in your taxes or insurance or both. An increase in taxes is common which would be caused by increase of home value.


If I pay someone elses property taxes does the property become mine?

Answer:If you pay someone's property taxes you would be considered a volunteer. That wouldn't give you any fee interest in the property.Occasionally, tax authorities will put a property with seriously delinquent tax payments up for sale and then you could buy the property for the cost of taxes. Contact your local city or county treasurer who handles the property taxes for your area.


Do California condo owners pay property taxes?

Yes. Just as you would pay property taxes on any property that you own.


Do you pay taxes on state disability?

No because disability payments come from taxes, so it would not make sense. Disability payments do not come from the state they are federal.


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.


Do WV property owners pay real estate taxes in arrears?

Yes, property owners in West Virginia pay real estate taxes in arrears. This means that the taxes assessed for a given year are due in the following year. For example, taxes for the year 2023 would be due in 2024. Payments are typically made in two installments, with deadlines set by the local tax authority.


If your mother lives on your property and pays your taxes on agreement can they claim homesteading and possess the property?

No because you own the property and you would be the that one that should be paying the property taxes.


Do you list property tax as factory overhead?

No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account


If you are paying taxes on a property in Texas does that make you the property owner?

No, paying property taxes on a property does not make you the property owner. Only a properly executed deed naming you as the owner would make you an owner.


The ThreeFifths Compromise determined how population would be counted for?

The Three-Fifths Compromise determined how population would be counted for....? Representation in Congress and also direct taxes on the population of the states.