What is a property tax lien?

A property tax lien is a legal document that is issued by a taxing authority, such as a county, in the state of Florida, when a homeowner fails to pay their property taxes. The lien attaches to the real estate which the tax is owed on and allows the taxing authority to collect the taxes owed. The lien will also incur interest and fees until the balance is paid. The tax lien is placed on the public record, which allows lenders and title insurance companies to see when a homeowner has not paid their taxes. This could ultimately interfere with the sale or transfer of the property or can even prevent a refinancing of the mortgage. The taxing authority may also take a homeowner to court if the taxes are not paid and the court can issue a judgment that would require the taxes to be paid, or even allow the taxing authority to gain ownership of the property and then sell the property to recover the taxes due. Property tax liens can be paid off anytime before their time expires and the lien can be removed from the public record. It is important to keep up with the taxes owed and to timely pay them as failure to do so could result in serious financial consequences.

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