Can You Sell a House (in Lima, Columbus or other nearby areas) with Property Taxes Owed?
Property taxes are typically paid twice a year, usually once the winter and again in the summer. When you sell your home, you pay any taxes owed at the time of closing. If this date falls between the winter and summer taxes, the amount is prorated to the close date. This gives the buyer a clean slate when they purchase the property.
If you have delinquent property taxes, to the point where the county or city has placed a lien, which is a claim against your property, you must address the owed taxes before the sale can close. You can use the proceeds of your home sale in order to pay the taxes, but the process becomes more complicated if you can’t pay the tax and your mortgage with what you earn in the sale
Can You Sell a House (in Lima Ohio, Columbus Ohio or other nearby areas) With Property Taxes Owed?
Yes, but the process is more complicated than a traditional sale, and requires that you as the seller address the delinquent taxes before the sale can close — either by paying off the owed taxes beforehand, or using the proceeds of the sale to fulfill the debt requirements. However, if the sale doesn’t cover both your mortgage and the owed taxes, things can get more complicated.
If you want to sell a house with property taxes owed, you can either pay back the tax before the sale or sell and use the home sale to pay the debt.
Or if you decide that selling the property is your option, read How to Sell a House With Property Taxes Owed (in Lima Ohio, Columbus Ohio or other nearby areas).