How long does a State Property Tax Lien Stay on your Record in Texas?
I was curious.I recently inherited a property that has more unpaid taxes, penalties and interest than the land is worth. I know during these rough economic times that the property will get auctioned off, and I figure there will be a judgment soon after for the difference of the final sale price and all the fees and expenses. I understand that part.
I keep hearing conflicting details. Most focus on the credit bureaus which I understand is seven years, but then I also hear 10 years.
I am really curious how long they can keep a judgment on me, say if I want to buy or sell any property 10 or 15 years from now, does the judgment lien stay on forever until paid, or does that disappear after time?
I did a little more research, and the tops taxes can stay is 20 years. After that time, the tax authority has to give it up.
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One comment
Lil_Dog on February 16, 2010 at 6:12 pm
Not sure about Texas specifically. In most states, once the lien is filed, it will stay active for 7 years (typically). However, nothing keeps the state from re-filing every 7 years; thus, re-setting the clock so to speak.
About the only way to clear a tax lien is to pay up.
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