Glossary

The Tax Sale Eviction Process is a legal procedure initiated when property taxes remain unpaid, leading to the sale of a property and eventual eviction of occupants.

Nonpayment of special assessments can lead to significant penalties and legal consequences, impacting property ownership and tax obligations.

Co-Owner Tax Lien Liability involves shared responsibility among property co-owners to address any tax liens imposed due to unpaid taxes, affecting all parties involved.

The Tax Payment Intercept Program (TPIP) is a mechanism used by government agencies to collect outstanding debts owed by individuals, such as unpaid taxes, by intercepting their incoming payments. Its primary purpose is to ensure that individuals meet their financial obligations to the government.

Compliance with tax lien laws ensures individuals and businesses adhere to legal regulations involving tax liabilities, preventing penalties and legal actions.

Priority Tax Status refers to a classification used by tax authorities to highlight certain filings or obligations that require immediate attention or satisfy specific criteria for prioritization in processing or compliance.

Investor participation in tax liens involves buying tax lien certificates, giving investors the right to collect owed taxes with interest. It's a key area in tax investing.

Ownership Redemption Rights involve mechanisms through which owners can sell or redeem their interests, significantly impacting taxation and legal compliance.

A Judgment Tax Lien Certificate is a legal claim against a taxpayer's property due to unpaid taxes, often used to secure payment of debts owed to the government.

The Debt-to-Equity Ratio in tax liens measures the balance of a taxpayer's obligations against their equity, crucial for financial analysis and compliance.