If you fail to pay your property tax bill for some reason, your municipality will place a tax lien on your home. Therefore, it’s very important that as a homeowner, you’re able to afford your property tax payments and stay up to date on them.
When there is a tax lien on your home, the creditors will be notified that the government has legal rights to your home. If you still fail to pay after this, the tax lien can become a levy, which means the government can seize your property to satisfy the debt. In some cases, your property taxes may be taken out of the profits from a sale.
There are many other consequences for refusing to pay or paying your taxes late. Under some circumstances, the taxing authority may transfer your account to a private collection company. A private tax collector may use aggressive tactics to get you to pay, so as mentioned earlier, it’s best to pay your property taxes.