Question on property tax.
I can pay the $3700 today. I can wait month by month and only pay 1% more each month up til default date of April 1.
If all hell breaks lose will anyone care who is paid up or not? Is a 1% a month gamble worth taking on the next 3 months?
Freeper thoughts please?
When property taxes are unpaid most authorities can and do auction off the property for the unpaid taxes. There are all kinds of stories where some shyster buys some senile old lady’s house because she hasn’t paid the taxes. This is the method they use.
I am not really sure why you would put off paying the taxes and pay an interest rate over 12% for the privilege. Unless you have a serious cash flow problem and an anticipated windfall in the future I cannot see this beign a good idea.