Glossary

An assessment lien is a legal claim placed on a property by a government entity for unpaid property taxes or special assessments. It ensures tax or assessment recovery.

Excess proceeds from a tax sale refer to the remaining funds after a property is sold for more than the tax debt owed. This guide explores their purpose, significance, and process.

Certificate Holder Rights relate to the privileges and protections granted to individuals or entities that hold a financial certificate, ensuring compliance and safeguarding interests.

Real Property Tax Lien Investment involves purchasing liens on properties for unpaid taxes, offering investors potential returns through interest or property acquisition.

Tax arrearages refer to overdue tax liabilities owed by an individual or entity. Understanding them is crucial for compliance and financial planning.

Lien Satisfaction refers to the process of formally releasing a property lien once the underlying debt is settled. It's crucial for clear property titles.

A Delinquency Notice is issued by tax authorities to inform taxpayers of overdue taxes and demand prompt payment to avoid penalties.

The Redemption Interest Rate is a financial term related to the interest calculated on bonds or securities redeemed before maturity, impacting tax obligations.

An encumbered property title involves legal claims or liens that can affect real estate ownership and its tax-related matters. Understanding these intricacies is crucial for compliance.

Real Property Tax Service involves assessing, collecting, and managing taxes on real property. It ensures local governments obtain revenue from property-based assessments.