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.

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