What happens if I can't pay all of the real estate property taxes by the Dec. 12, 2016 deadline? I'm a year behind so I can't make the payments until I pay the year before. Will I lose my home?

What happens if I can't pay all of the real estate property taxes by the Dec. 12, 2016 deadline?

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I'm a year behind so I can't make the payments until I pay the year before. Will I lose my home?

Bob Maloney, MSFS, AEP, MSFS, AEP

@napfabob • 12/07/16 This answer was first published on 12/07/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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1st, you will be charged interest for any late payment. If you fail to make payments, the city/town may eventually lien your property so that if you sell it, the tax lien must be paid in full plus interest. In the worse case, the city/town can sell the property for the back tax leins. Your best best is to go to the town hall and tell them you have a problem at this time and see if there a way to pay this on other than a lump sum basis. In oher words, do not avoid the tax bill but instead, address it agressively and see if the city has a pyment plan you can meet.. I hope this helps adn good luck.

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