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Subject Author Date
City property tax avoidance Phisherman 07-24-2006
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Posted by Phisherman on July 24, 2006, 11:27 am
I found out that I have a neighbor that has not paid his city property
taxes for several years and he owes several thousand dollars plus
overdue penalties. This information is made public, online. He buys
a new car every two years so I know he can afford to pay property
taxes. So, I'm wondering if the city will ever do anything about
people who don't pay? How is it that property owners can get away
with this for so many years?

Posted by on July 24, 2006, 11:33 am

Phisherman wrote:
> I found out that I have a neighbor that has not paid his city property
> taxes for several years and he owes several thousand dollars plus
> overdue penalties. This information is made public, online. He buys
> a new car every two years so I know he can afford to pay property
> taxes. So, I'm wondering if the city will ever do anything about
> people who don't pay? How is it that property owners can get away
> with this for so many years?


In many cases, the municipality will sell the rights to the money owed
on delinquent tax to investors who bid on it. The town gets the money
and the investor gets to charge interest with a lien against the
property. After a long enough period, I think they can actually
foreclose on the property if necessary.

In any case, the town usually winds up getting their tax money, because
their lien comes before everyone else.


Posted by hallerb@aol.com on July 24, 2006, 11:40 am
it looks bad for the municipality to foreclose and sell for taxes, so
they sell the debt and liewn the property and everyone makes
money.......


Posted by Phisherman on July 24, 2006, 12:46 pm
wrote:

>it looks bad for the municipality to foreclose and sell for taxes, so
>they sell the debt and liewn the property and everyone makes
>money.......


This almost sounds like a reverse mortgage for the home owner who
plans to live there the remainder of his life. If he dies, the
executer pays the liens, sells the house and whatever is left goes to
the estate.

Posted by badgolferman on July 24, 2006, 11:38 am
Phisherman, 7/24/2006, 11:27:23 AM,

> I found out that I have a neighbor that has not paid his city property
> taxes for several years and he owes several thousand dollars plus
> overdue penalties. This information is made public, online. He buys
> a new car every two years so I know he can afford to pay property
> taxes. So, I'm wondering if the city will ever do anything about
> people who don't pay? How is it that property owners can get away
> with this for so many years?

At the least he won't be able to sell the house until back taxes are
paid.

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