Originally Posted by
Mr. P
Where? Any property tax I've ever paid was year to year...there was no pay off amount.
Once a property, a house or business is paid off the state will continue to tax the owner. Perhaps the owner dies or goes out of business and just abandons the property. As the tax bill accululates and the listed owner doesn't respond to public notice the property may be listed for auction to pay for the unpaid taxes. If you go look in public records in some states the deal can be struck to buy the property for the value of the unpaid taxes owed. The bov puts a public notice in the newspaper for the owner to comply with tax demands and if unanswered the tax buyer may take ownership with the tax payment.
"The man who reads nothing at all is better educated than the man who reads nothing but newspapers."
---Thomas Jefferson (or as Al Sharpton calls him: Grandpappy)
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