FAQs - Details
Question
IF PURCHASING PROPERTY AT A TAX SALE, DO I HAVE TO PAY FUTURE TAXES ASSESSED ON THE PROPERTY DURING THE REDEMPTIVE PERIOD?
Answer
Yes...A tax sale purchaser is responsible for all future taxes assessed on the property until the property is redeemed. Interest accrues on all future tax payments @ the 1% per month rate. Failure to pay post-tax sale taxes may result in the property being sold at a future tax sale.
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