Uh Oh! You Smell Like Unpaid Taxes? How to Find Tax Liens in Ohio (and Maybe Even Save a Buck!)
Let's face it, nobody enjoys taxes. But hey, at least they pave the roads and, you know, fund schools and stuff. But what happens when those pesky property taxes go mysteriously missing, like a rogue sock in the dryer? cue dramatic music That's where tax liens come slinking in.
How To Find Tax Liens In Ohio |
The Lowdown on Tax Liens: The CSI Miami of Your Wallet
A tax lien is basically a scarlet letter on a property, a big, bold "YOU OWE US MONEY" from the county. It means the government has staked its claim on that land or house until the taxes are paid in full. Not the kind of souvenir you want on your dream home.
So, how do you find out if a property you're interested in (or, gasp, your own place!) is sporting a tax lien? Don't worry, my friend, this ain't rocket surgery (though if it were, there'd probably be a tax lien on that too). Here are your best bets:
County Treasure Trove: Every county in Ohio has a website, and you can bet your bottom dollar (which, hopefully, is paid) the treasurer's office will have a section on property taxes. This is usually where they advertise tax sales (where investors can buy the lien) and might even have a searchable database of delinquent properties.
The Sheriff's Sale Scoop: The sheriff's office is also a good place to look, as they're often the ones tasked with foreclosing on properties with unpaid taxes. They might have public notices listing properties with liens.
Calling in the Cavalry (or in this case, the Clerk): The county recorder's office might also have some info on tax liens, as they're the folks who keep track of all the official records on properties.
Pro Tip: Be prepared to do some digging. These websites aren't always the most user-friendly, so you might have to play around to find what you're looking for.
Tip: Reread complex ideas to fully understand them.
Hold Up! Maybe You Can Help Out Your Frugal Friend (the County, That Is)
Finding a tax lien can actually be a good thing, especially if you're an investor on the hunt for a bargain. You can buy the tax lien at a tax sale, and if the owner doesn't pay you back the taxes plus interest and fees (which can add up!), you might be able to take ownership of the property! Cha-ching! (Disclaimer: This can get complicated, so be sure to do your research before diving in.)
You've Got Questions, We've (Maybe) Got Answers: A Tax Lien FAQ
How to find out if I have a tax lien on my property?
Contact your county treasurer's office. They'll be able to tell you if you have any outstanding taxes.
QuickTip: Pay attention to first and last sentences.
How can I get a tax lien removed?
Pay the delinquent taxes, interest, and fees to the county treasurer's office.
How long does a tax lien stay on a property?
Tip: Note one practical point from this post.
It varies depending on the county, but it's usually a few years.
How do I buy a tax lien at a tax sale?
Contact your county treasurer's office for information on upcoming tax sales and the process for bidding.
QuickTip: Don’t rush through examples.
Is buying a tax lien a good investment?
It can be, but there's also some risk involved. Be sure to do your research before you invest.