Glossary

Pre-Lien Notification serves as a formal alert indicating potential legal action due to tax non-compliance. It's a crucial step before enforcing a tax lien.

A Delinquent Property Tax Auction is a public sale of properties due to unpaid property taxes, aimed at recovering tax debts for municipalities.

Payment Plan Default in tax terms refers to the failure to adhere to agreed payment schedules with tax authorities. This leads to penalties and can complicate future tax negotiations.

Government-sponsored tax lien sales allow governments to recover unpaid property taxes by selling the lien to investors, offering a unique investment opportunity.

The Real Estate Lien Registry is a public record system used to track liens on properties for tax and financial compliance purposes.

In Rem Tax Foreclosure is a legal process targeting properties with overdue taxes, aiming to recover unpaid property taxes through a foreclosure sale.

Tax Foreclosure Judgment is a legal decree allowing the sale of a property to recover unpaid taxes. It ensures tax compliance and aids municipalities with revenue recovery.

Partial Redemption of Tax Liens allows property owners to pay off a portion of their tax debt, retaining some ownership rights while resolving tax liabilities.

A Notice of Seizure is issued by tax authorities to alert taxpayers of the intent to seize property due to unpaid tax liabilities. This document outlines rights and obligations in a tax dispute.

A Municipal Tax Collector is responsible for the collection of taxes within a municipality, ensuring compliance and supporting public services funding.