This is possible because the local tax authority can put a lien on your home and force a sale, just like a foreclosed home. If you receive an extension to file and pay 90 percent of the actual tax liability by the original due date, you will not face a failure to pay penalty if the rest of the balance is paid by the extension date. If you remain unable or unwilling to pay your property taxes, your county has the right to place a tax lien on your property. That is why it is vitally important to be organized with your taxes. We can help you avoid what happens when you don’t pay property taxes and sell your house if you owe back taxes. Fortunately, situations as dire as those don't happen overnight. We buy houses in any condition, “as-is” and we also buy land with back taxes as well. Nobody likes paying a dime extra in taxes. If you are unable to pay the property taxes, you could lose your home. The government swooped in and collected your assets. You'll still owe taxes on July 15. It’s only after you file your taxes that the IRS has a 10-year time limit to collect monies owed. 5. Once this happens, your option to use the equity in your home to pay your tax bill is suspended, as you generally cannot refinance or sell your house until the fiscal obligation is satisfied and the lien is removed. Sell any type of property; Residential, Commercial, Industrial or Agricultural. Here's What Happens If You Don’t Pay Quarterly Taxes. What happens if you don't pay on time: Any residents who fail to pay their personal property tax by the deadline will immediately be charged a 10 percent fee on top of their tax… Property tax is a tax liability imposed on property owners. We will be happy to help you out of this situation if possible. If you don’t pay We know that taxpayers, in particular small business operators and sole traders, sometimes have cash flow issues meaning they can’t pay their whole tax bill on time. However, you may still be on the hook 10 or 20 years later. Exceptions to These Penalties In the case that a tax bill isn’t paid by the due date, engage with us early so we can help you deal with your debt while it’s still manageable. You didn’t or couldn’t pay your taxes so you were charged penalties and interest. Worst case scenario—if you don’t pay the taxes, or you end up with unpaid property taxes for a long period of time, you lose your home. Even if you miss the deadline by a day, you’ll still be penalized. Then they started garnishing your checks. Check the websites of tax agencies in your area to find out what tax relief is available. The Consequences of Not Paying Property Taxes. Luckily, there are a lot of options before that happens. In short, you’ll need to file estimated tax payments by those dates to avoid any penalties or interest. If you don't pay, you'll get a 0.5% penalty by the IRS. If you don’t have enough money to pay your property taxes, the options vary based on where you live. 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