Legal

Preventing Problems With Property Tax Payments

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Executive Summary

Many homeowners today are falling behind on their mortgage payments due to the down economy, and some are even losing their houses. But did you know that falling behind on or neglecting to pay your property taxes can be damaging as well? If you are delinquent in paying your property taxes, you must face reality by not pretending the problem will just go away. It won't. Having a tax lien put on your home can be just as damaging to your credit rating as losing your house, and the subsequent penalties and interest mean big trouble to your bank account. This paper explains some things you can do to prevent or alleviate problems with property tax payments.

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