Tax Lien Certificates

A tax lien is often filed by a local government against a property owner who has failed to pay property taxes.
Tax lien certificates. We file a tax warrant with the appropriate new york state county clerks office and the new york state department of state and it becomes a public record. New york is an average state for tax lien certificate sales but new york does have excellent tax deed sales. If purchasing a few tax lien certificates in your local area youll want to know how the auction or sale process works and how easy or difficult it may be to make money. Neglect or refuse.
Tax lien certificates tax deed sales in new york ny. A federal tax lien is the governments legal claim against your property when you neglect or fail to pay a tax debt. Tax lien certificates are probably one of the safest most lucrative and undiscovered investing methods in the world. Allow us to seize and sell your real and personal property.
The lien protects the governments interest in all your property including real estate personal property and financial assets. If you believe that you are eligible for a senior citizen disabled homeowner or veterans exemption or if you received the new york state circuit breaker credit for tax year 2018 you can complete a lien sale property exemption application and return it to the department. The government agency involved will issue a public certificate stating the amount of unpaid taxes and verifying that a lien has been placed on the property. When you pay your taxes on time the lien is removed.
Every time your property taxes come due the municipality will issue a tax lien. A filed tax warrant creates a lien against your real and personal property and may. They routinely provide an investment return to investors of 15 to 36 percent per year. A tax lien certificate is a lien placed on your property for not paying your taxes.
Here is a summary of information for tax sales in new york. This lien certificate is restricted to settled deficiencies no mention is made of credits if any that may be available in the tax account. Up to 5 corporate lien certificates can be requested at once via the online application. A federal tax lien exists after.
A tax lien certificate is issued typically by the tax assessors office verifying that theres a lien in place and the amount of taxes owed.