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The Curious Bag
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A government property tax sale occurs when a homeowner does not pay the taxes on her home over a specified period. The government in turn sells the property to recoup the tax debt.
Frequency
A government property tax sale usually occurs at least once a year or more.
Place
A tax sale occurs in the county in which the property is located, but not every state has a tax sale. However, if the state doesn't have a tax sale, it usually has something similar like a deed sale.
How Property Is Sold
The government tax sale is normally held in the form of an auction.
Details
At a government tax sale, you usually have to present identification to obtain a bidder number and you must be present during the sale. The property goes to the highest bidder and you must have all of the funds to pay that day in the form of cash or a certified check. Please be aware that each county tax sale is different and has different rules.
Finding a Tax Sale
To find your local tax sale, contact your county clerk.
Property Tax Sale States
You can find the states that have property tax sales at http://www.taxlienproperties.net/tax-lien-states.htm.
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