Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I just purchased property under a special assessment program. If I fail to meet the requirements for the special assessment, am I responsible for prior years taxes if the property is disqualified?

0
Posted

I just purchased property under a special assessment program. If I fail to meet the requirements for the special assessment, am I responsible for prior years taxes if the property is disqualified?

0

Yes, the special assessment is attached to the land and the potential tax liability is transferred to the buyer at the time of the sale.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123