Glossary

Property Tax Payment Plan

A Property Tax Payment Plan allows homeowners to pay their property taxes over time, easing financial burdens and ensuring compliance with local tax laws.

Tax Delinquency List

Tax Delinquency Lists are public records detailing individuals or entities with overdue taxes. These lists help enforce tax compliance and recovery.

Tax Lien Servicing

Tax Lien Servicing assists in managing and purchasing tax liens, facilitating tax compliance and resolution. Key for financial stability and legal assurance.

Tax Lien Authority

Tax lien authority refers to the legal power of a government body to place a claim on property when taxes aren't paid. It's a significant aspect of tax law that affects many people.

County Tax Sale

A county tax sale is a public auction held by a local government to sell properties with unpaid property taxes. Understanding this process is crucial for both property owners and potential investors.

Non-Judicial Foreclosure

A non-judicial foreclosure is a way for a lender to take back a property without going to court. It's a faster, but potentially more stressful process for homeowners.

Judicial Foreclosure

A judicial foreclosure is a legal process where a lender goes to court to seize a property when a homeowner fails to make mortgage payments. It's a serious situation that involves court proceedings and can be quite complex.

Tax Lien Assignment Agreement

A tax lien assignment agreement is a contract that transfers ownership of a tax lien from one party to another. It's a key part of the process when tax liens are bought and sold.

Ad Valorem Tax Lien

An *ad valorem* tax lien is a legal claim placed on a property due to unpaid taxes based on its value. It's crucial to understand this concept to protect your property from potential loss.

Delinquent Property Taxes

Delinquent property taxes are unpaid taxes on your real estate that have passed their due date, which can lead to penalties and even the loss of your property. Understanding them is crucial for every homeowner.