Mar 10
04
Government Tax Sale Properties cont'?
Posted by taxliensCan a property be foreclosed with a tax lien? How does it work out that people pay these property taxes for like ,000 on a ,000 property, whats the profit?
Post Title: Government Tax Sale Properties cont'?
Author: taxliens
Posted: 4th March 2010
Filed As: Tax Lien Properties
Tags: Government Tax, Property Taxes, Tax Deed, Tax Lien, Tax Sale Properties
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Yes, the government can take your property away from you even if you have just a tax lien. They may sell it at a tax lien auction (either tax deed or tax lien sale). As for the taxes, it all depends on the city and state you live in. In CA, you may find homeowners paying 1-3% of their appraised property value in property taxes. Also, you have to look into if the place you are interested in buying is a new development. Many new developments tend to have bonds associated so taxes may be a little higher than in other areas.
Charlie