Private Property For Sale Birmingham In Franklin
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FAQ
You may redeem your property within 3 years of sale by paying all taxes, interest, fees, and penalties at the rate of 12% per annum. Yes. You may redeem your property within 3 years of sale by paying all taxes, interest, fees, and penalties at the rate of 12% per annum.
Personal property is considered Class II property and is taxed at 20 percent of market value. Market value multiplied by 20 percent equals the assessment value, which is then multiplied by the appropriate jurisdiction's millage rates to determine the amount of tax due.
The answer is no a tax deed sale only wipes out other liens not mortgages the mortgage holder stillMoreThe answer is no a tax deed sale only wipes out other liens not mortgages the mortgage holder still has a claim on the property. And can foreclose on it if the mortgage payments are not made.
If you are over 65 years of age, or permanent and totally disabled (regardless of age), or blind (regardless of age), you are exempt from the state portion of property tax. County taxes may still be due. Please contact your local taxing official to claim your homestead exemption.
No. Paying taxes on property does not constitute ownership.
Once the lien has arisen, it will continue until the liability for the amount assessed is satisfied, released or becomes unenforceable by reason of lapse of time (i.e. 10 years from the date the lien is filed) (Code Sections 40-1-2, 40-29-20, and 49-29-21).
Personal property is considered Class II property and is taxed at 20 percent of market value. Market value multiplied by 20 percent equals the assessment value, which is then multiplied by the appropriate jurisdiction's millage rates to determine the amount of tax due.
