To secure or obtain the dues on property taxes the lender may use law and impose tax lien on the concerned individual. Tax lien is enforced and Imposed by the law and thus the lender can even have the power to restrict the debtor from using the property If he fails to pay the property taxes on time.
Tax lien is somewhat different from the usual the tax that the government levy on property and seizes the property if the tax is not paid in due time. The government may also sell of the property to recover taxes. Tax lien is actually the legal right of the government by which they can seize or sell the property. It actually notifies the debtor about the seizure. But levy refers to the real seizure of the property by the government.
In the United States of America, government organizations like Internal Revenue Service can also use tax liens in order to collect unpaid income taxes. Many state boards also use tax liens to recover taxes. The federal tax lien may exist on any present property or even a future property. This government tax lien actually depends upon the individual's income. The state tax lien may exist on the property for long until the government or the authorized body seizes the property and sell it for the recovery of the unpaid taxes. In most situations a county tax lien is the result of the unpaid income tax, where the government will seize the income from the individual's future wages.
In the United States of America if a person is unable to pay income taxes on time, he or she can grant the government or the Internal Revenue Service for the seizure of the property for the recovery of the taxes. The government may impose tax lien on traders and merchants. This is known as the sale tax lien.
Before buying any new property, it is vital for you to verify if the property has any unpaid tax liens against it because when people sell a property with a lien on it the new owner automatically assumes responsibility of paying back taxes on it. You may be held accountable for it.
Research Tax Lien Information Online
If you wish to know all about the Tax lien and the Tax lien certificates then internet is one of the best medium you can choose. There are plenty of websites that provides detailed information on different types of tax liens. You will get information of IRS tax lien, Sales tax lien, tax lien certificate and many more from these websites. A good research online will help you to understand and know more about tax lien property.
Tax lien information is easily available on the internet and it is free. If you search for it, you will get the tax lien laws according to the state or county. The websites not only provide general information on the subject but also provide the current status of a particular individual or property that has already got a tax lien certificate. This information is published online to help various proceedings of the court. While you search for the information it would be advisable to look for the government websites for authentic data about facts and figures. What is important is that accessing records is anonymous and secure which means that you can browse through the records, retrieve information and verify without revealing your identity.