Automated Tax Credit - Tax Debt Resolution

Glossary

Property Encumbrance Release

The Property Encumbrance Release eliminates previous claims or restrictions on a property, facilitating better financial and legal standing.

Municipal Tax Abatement

Municipal tax abatement is a local government incentive that reduces or eliminates taxes for a specific period to encourage investment and development.

Tax Escrow Agreement

A Tax Escrow Agreement is a financial arrangement where funds are held to cover future tax liabilities. It ensures timely payment and compliance.

Special Warranty Deed

A Special Warranty Deed is a real estate document that guarantees the seller’s title during their ownership period, addressing specific tax-related compliance needs.

Tax Assessment Appeal

A Tax Assessment Appeal allows taxpayers to contest and seek changes to their tax assessment if they believe it is incorrect, ensuring fair taxation.

Tax Sale Confirmation Hearing

A Tax Sale Confirmation Hearing is a legal process ensuring the legitimacy of a tax sale, confirming the sale of a property due to unpaid taxes, and allowing challenges.