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SECURED PROPERTY TAXES 40. What are “secured” property taxes?

April 26, 2017property taxes secured

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SECURED PROPERTY TAXES 40. What are “secured” property taxes?

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The term “secured” simply means taxes that are assessed against real property (e.g., land or structures). The tax is a lien that is “secured” by the land/structure even though no document is officially recorded. Under California Law, this means that if the taxes remain unpaid after a period of five (5) years, the property will be sold to cover the taxes owed.