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Old 10-01-2008, 08:32 AM
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Default Foreclosures and tax liens?

In the process of doing some research for someone I have become aware of tax lien and foreclosure auction.regarding tax lien properties, this seems like a really complicated area to be involved with. what I dont quite understand is how people lose their properties for not paying taxes. im from the u.k and the council tax is approx £1500 approx$2700 i guess. what sort of tax bills are people losing their homes for. Are property taxes higher in the u.s , how are they arrived at. is it based on property value?
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Old 10-01-2008, 09:49 AM
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Taxes are assessed by value in the us. Each town or city has there own tax rate ex $12 per thousand of assessed value
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