What is the difference between a property tax lien and a tax deed?
A property tax lien and a tax deed are two different legal processes related to unpaid property taxes in California. Property tax liens are a type of lien placed on a property when the owner fails to pay their property taxes. The lien is placed against the property to secure the unpaid taxes, and it will continue until the taxes are paid in full. The lien makes it difficult for the property owner to sell or refinance the property, because it will have to be paid in order to clear the title. A tax deed is issued when a property owner fails to pay their property taxes and the lien is not paid after a certain period of time. The county then auctions off the property to the highest bidder, and the bidder receives a deed of ownership. The proceeds of the sale are used to cover the unpaid taxes and any other fees associated with the sale. In conclusion, a property tax lien is a lien placed on a property when the owner fails to pay their property taxes. A tax deed is issued when the lien is not paid after a certain period of time, and the county then auctions off the property to the highest bidder.
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