All of the following are true statements about real estate tax liens EXCEPT tax liens are involuntary
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Question:
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
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: