Why are sale and property taxes regressive taxes?

How can a person stop sheriff sale of a property besides paying all the taxes in one hit?

  • taxes are owed on a piece of family property that on one wants to pay. now the property is going up for sale. i have one month to either come up with all the money or lose the property. is there any other way to save this property?

  • Answer:

    "no one wants to pay?" It's not really a choice. You either pay the taxes or lose the property. If there isn't a mortgage on the property, then you can try to win the auction. (If there is a mortgage, the bank will usually bid on the property so it can avoid losing money on the mortgage.) If there isn't a mortgage, have you considered using the property as collateral on a loan so that you can pay the taxes due? Trying to win the auction is risky. Also, there are usually fees for you to pay. It is probably cheaper for you to pay the taxes. Follow up: Have you contacted the county property tax office to see if a payment plan could be set up? I hope this helps. Gary

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You can show up and bid on the property. Isn't it worth the taxes?

daoco

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