Tax Liens And Future Taxes
I have read "The 16% Solution" and "The Illinois Real Estate Tax Buyer's Guide" and have searched the forum, but I still can not find my answer.
When you purchase a tax lien certificate, do you have to pay future taxes on the property while it is still in default? If so, do you have the first dibs on these taxes? If not, do the subsequent taxes go to auction and where do the subsequent buyers fit into getting a clear deed?
Any help would be greatly appreciated.
Thanks a ton!
you need to go to the county tax collector
and ask some ???????????
every state is not the same. collector in each county put out list or will tell how it is run in that county. in Missouri
you bid the frist year for tax due., next year if they due not pay you pay after three tax the property is your but you need to clear the title. you get%%%%
of 10% in Missouri.. it not the same
in every state,, you have a frist lein on the property for tax due at 10% with
a change of getting the land!!!!!!!!!!!!!!!
Thanks for the reply. I found out via another forum that, in Illinois, you do purchase subsequent taxes. Does the county notify you when they are due? Or, do you need to follow up evey six months?
Thanks again!