All of the following are true statements about real estate tax liens EXCEPT tax liens are involuntary

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All of the following are true statements about real estate tax liens EXCEPT

tax liens are involuntary liens created by statute that can attach to real estate.

a percentage of the property's value is used and applied against a tax rate to determine the amount of tax due.

nonpayment of taxes may give the government the power to claim an interest in the property.

tax liens have less priority than mortgage liens after a foreclosure.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Nov 06, 2023 04:58 AM

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All of the following are true statements about real estate tax liens EXCEPT tax liens are involuntary

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Income Tax Fundamentals 2013

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