Tax Liens & Tax Deeds

In this workshop we have a lot of fun. We go through the property appraiser sit and I explain how to interpret a property tax bill, the difference between ad valorem and non ad valorem taxes and how to properly interpret a tax bill. We go through special assessments and exemptions, when and how taxes are paid and who collects them. We also discuss proration of taxes on the Contracts and at closing, how to do calculations and issues that come up during tax prorations. Then we go into the tax collection process and what happens when taxes are not paid. This leads into tax certificates and tax deeds, how to purchase, how to buy certificates, the auction process, how to redeem and then how agents can help their clients who are interested in tax deeds purchase these properties and clean them up. This workshop should give agents a great understanding of interpreting the property taxes on property and how to handle delinquencies.