How Do You Avoid A Property Tax Lien?
• Pay the taxes you owe, in addition to other debts for government services like special assessment and sewer fees. Property tax liens harm your credit rating, and your debt to the government becomes public record. Additionally, fees and interest are assessed on your tax debt, so you will have to pay more to have your property released from the lien. • Remember that if a lien is attached to another property you own, it can be attached to another property you buy after the lien was placed. If you are married and your spouse’s property has tax liens attached, the government could place a lien on property you buy jointly. • Consider incorporating your business. If your corporation has a tax lien attached to its assets, you can avoid a property tax lien being attached to your personal property. • Take steps to ensure you don’t purchase a property that has a lien attached. • Conduct a title search before buying real estate. Liens on real estate transfer from seller to buyer, who then become
