Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

23
Posts
1
Votes
Katy Nguyen
  • Irvine, CA
1
Votes |
23
Posts

what are consequences of not paying property taxes on land?

Katy Nguyen
  • Irvine, CA
Posted

Consider this scenario:

A seller is tired of paying property taxes on his vacant land.  He doesn't care to keep this lot anymore.  He gives it to you for virtually free of charge.  Say he sells it for $1.  It's now under your name.  You try to sell it for a few months, and it doesn't sell.  The property tax bill arrives.  You decide not to pay for it.  If you don't pay for it for a certain number of years, the County can put it on auction for sale.  Say the property tax bill and penalties add up to $2000 at the time of the auction.  Questions:

1) Can the County sue you for that amount if it's not sold at auction?

2) Will this affect your credit score?

3) What negative consequences can happen to you if you just simply walk away from a vacant lot that you have title to?

Loading replies...