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What exactly is a Tax Lien?

lien tax
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What exactly is a Tax Lien?

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A Tax Lien is an encumbrance issued by a County against a specific parcel of Real Estate for unpaid taxes by the owner of the property. Law automatically creates a Tax Lien, when taxes on that property become due. The lien stays on the property until the taxes are paid at which time redemption occurs and the lien is removed. Title to property cannot be transferred until this lien is paid. It is a First Position Lien senior to all other liens except a Federal liens, State and Municipal liens and bond assessments.

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