Hello
What happens if I own a home for example a mobile home. I loose my job and can't pay the property tax what happens? Do I loose my home? How many years can I go without paying property tax?
Thank you
Kingofjong
You have not indicated your jurisdiction so all we can do is give you a general answer.
The way it works is that when taxes are due on real property but are not paid, interest begins to accrue on the unpaid balance. Most jurisdictions, whether municipal or county, will give you 12 (or more) months to pay the back taxes plus the interest that accrued.
If not paid in the time period, then the property will be listed for a tax sale and advertised in the local newspaper. A tax sale auction will be held. Some jurisdictions only sell tax sale certificates based on the taxes and interest owed and on the interest rate someone is willing to pay for the certificate. Some jurisdictions will sell the property outright and provide a tax deed to the high bidder giving them the property.
In the case of a tax sale certificate, after it is sold at auction, the property owner will have 12 months to redeem the certificate (the back taxes, prior interest, and post sale interest) by paying the amount due. If it is not redeemed, then the certificate holder gets the property free and clear.
You can lookup what your jurisdiction does about delinquent taxes in any search engine on the internet. It's not something that should be messed around with. There are no extenuating circumstances. You either pay your property taxes or lose you property.