3 ms·

Not for land taxes at least not in the US, if you do not pay your land taxes, the bill goes up for auction, someone pays it and you owe that person interest and

by kls 6y ago

Not for land taxes at least not in the US, if you do not pay your land taxes, the bill goes up for auction, someone pays it and you owe that person interest and principle. If you do not pay it for a certain amount of years, they can call for an auction of the asset and they are the first guarantee of settlement for their principle and interest. Then mortgage, then mechanics lien, etc. etc.

kgermino 6y ago
That definitely varies. In my area the city just takes your house, evicts you, and auctions the property.
- kls 6y ago
  Yes in some municipalities, they do not create a security out of the debt, but I believe the majority of municipalities do.