When property taxes become delinquent, governmental entities often accrue interest and penalties on the delinquent taxes or choose to sell the rights to collectsuch tax, interest and penalties to external parties. Using a local municipality ( Philadelphia). Using information from the government website, respond to the questions below. ( hint: search for delinquent tax collection process, deliquescent property taxes, FAQs, tax liens etc)

Required:

1. What happens if the taxpayer fails to pay property taxes on time? When do taxes become delinquent? What happens if the tax payer fails to pay delinquent taxes? At what point does a tax lien attach to the property? What interest charges and other penalties or fees are assessed to the delinquent tax payer?

2. If delinquent property taxes or tax liens are sold at a public auction, what rights are purchased by the buyer? Is there a possibility, at some point in time, that the tax lien buyers can attain legal title to the property for which they hold the tax lien? ( This may be called Treasures's deed) If so, describe this process.