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Yes, land owners are required to pay property taxes in Puerto Rico. However the value of the land has not been updated for ages, so property taxes are low.
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∙ 16y ago
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Can you subdivide land if you owe money on it?
Since the property has money owed on it the property cannot be divided without the lenders ok. It may be possible to refinance and divide with the help of an attorney.
What happens if land has outstanding taxes owed on it?
The taxing entity can place a lien on the property or it can be put up for auction at a public sale.
Who is responsible for back taxes on a quitclaim deed?
It is the responsibility of the land owner to pay the property taxes. If a land owner is selling property for which back taxes are owed the payment of the taxes can be part of the negotiations for the sale of the land. However, the issue must be addressed prior to the sale.It is up to the purchaser of property to make certain the property taxes have been paid by the seller at the time of the purchase. If the buyer doesn't demand proof the taxes have been paid BEFORE the sale, the land will be acquired SUBJECT TO any back taxes owed. If land is purchased for which back taxes are owed the new owner will be responsible for paying the back taxes or the town will take possession of the property.The purchase of real property should always be supervised by an attorney. One of the first items on the land purchase check list is to obtain a certificate from the town that states the taxes are paid.
What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
where can I get help with back property taxes owed.?
help paying property in ar
What is house under water in real estate terms?
That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.
If going through foreclosure do property taxes have to be paid?
Yes. The taxes on owed on the property, no matter who owns the property.
Who can issue a tax levy against property?
The IRS can issue a tax levy against property. A tax levy against a property is to claim back any tax owed to the IRS. The money made from the property will go towards the debt owed.
Who owed the Temple of Artemis?
If you mean who owned it, the answer is that the tempmle was the property of the goddess.
Can you get a lien on your Homesteaded property in Florida?
Yes, you can get a lien on your homesteaded property in Florida. A court will put a lien on the property if money is owed in a judgement.
If property owned has an equity line of credit owed against it is there a way to lease to own the property?
It's impossible
Can a landlord get a judgment for more then what rent is owed?
If there is any damage to the rented property he can get additional money to compensate; otherwise he is limited to the rent owed.
