What happens if I don’t pay my property taxes?

If you do not pay your property taxes in Washington, you could face serious consequences. The state of Washington charges interest on unpaid property taxes and penalties for late payments. In addition, failure to pay property taxes can result in a lien on your property, meaning you will be unable to sell or refinance the property until the back taxes are paid. A lien will also appear on your credit report, affecting your credit score. The Washington State Department of Revenue may also pursue more aggressive enforcement methods, such as a property tax levy. This is similar to an IRS tax levy and can mean that your income, assets, and bank accounts are seized in order to pay the delinquent taxes. In extreme cases, failure to pay property taxes can result in your property being sold at a public tax sale. This would result in you losing the property and the money you’ve invested. To avoid these serious consequences, it is important to keep track of your property taxes and pay them on time. If you are having difficulty paying your taxes, you may be able to establish a payment plan with your county treasurer, or apply for a tax deferral. Most counties have programs in place to help ensure that you can pay your taxes without facing serious repercussions.

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