A simple tax lien question?
Answer:
It is the price the person paid for the lien.
Example:
You have a lien on Jon Smith for $1000 plus interest and fees. But, you won't collect that interest until paid. I offer you $1200 for the lien - giving you a $200 profit for the insterest unpaid.
It can go both ways. Sometimes less because people are just tired of dealing with the lien. I know that my local government sells their tax liens to a company in California (we're in Ohio) just because they don't want the hassle of trying to collect. So, they make some upfront money by doing so.
Hope this helps!
If I understand your question correctly, it is how much the house sold for the last time it was sold.
It could mean how much the house sold for last time it was sold.
the last sale amount refers to the price at which the property was bought for. Property taxes are derived based on the sales price. THerefore, if the seller sells at a higher price than bought, the new buyer will pay property taxes based on their sales price. Property taxes are usually around 1.15% of the sales price. Therefore, for every $100K of the sales price, the annual property tax is $1150/yr.
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