What are the penalties for not paying my property taxes?

In Washington State, not paying your property taxes can result in some serious penalties. If you don’t pay your taxes on time, you’ll be charged an additional 1% in interest each month until your balance is paid. Late payment penalties also increase each year, reaching up to 18% of the unpaid taxes. On top of this, you may receive a lien on your property, meaning your property is held as collateral until the debt is paid in full. The county can also take action against you if you don’t pay your taxes, including selling your property at auction in order to recover their losses. In addition, you may be charged additional fines and penalties on top of the original tax amount. You may also receive a notice from the county threatening to take legal action if you don’t pay your taxes. It is important to pay your property taxes on time and in full to avoid penalties. If you are having trouble paying your taxes, you should contact the county immediately and discuss your options for payment plans or other assistance. You can also contact a tax professional to discuss your situation and the best course of action.

Related FAQs

What is a property tax assessment appeal?
What is the difference between a property tax levy and a tax rate?
How can I dispute my property tax assessment?
What is the difference between a property tax lien and a tax deed?
What is an assessment roll?
What is the difference between assessed value and market value?
What happens if I don’t pay my property taxes?
How can I find out what my property tax liability is?
What is a split roll property tax?
How do I transfer ownership of a property to avoid paying property taxes?

What are the penalties for not paying my property taxes?

Related FAQs

Related Blog Posts