Tuesday, September 11, 2012

Know Your County Offices - an important key to Tax Lien and Tax Deed Investing


When looking to invest in tax liens and tax deeds, there is a lot of homework to do to become a successful investor. One of the most important parts of this task is to know who you are working, and where to find the information you need. Professionals in County offices will be a real asset to you when researching properties, in order to know their assignments and their job before you begin your search. Here is a brief introduction that will help you get started!

PROPERTY 'SPEAKER / Appraiser

The commissioner (or in some countries known as the expert) is responsible for setting the tax value of property in each county. The estimated value of a property multiplied by a tax rate together is the manner in which takes place understand annual fee of properties. Keep in mind, in some areas of the country to evaluate the value is very close to market value (especially in our current economic situation). However in other areas, the estimated value may be below or above the current market value, ask the clerk at the office of the surveyor as their values ​​to stack up to current market values.

Tax collector / TREASURER

The collector of taxes (in some counties known as the Treasurer) is responsible for collecting taxes for their county. They take the information office of the assessor gives them, and sends the actual tax bill. They are the collection department for that bill as well. If an owner does not pay their tax bill, the collector's office will notify the owner and let them know you are in default. State statutes determine how long a person may be in default before the county takes action to collect what is owed.

The tax collector is responsible for the list of tax delinquent properties published in the newspaper. If the owner of the property does not come forward and pay the debt after the public notice is published, then the property goes up for auction in most cases. At that point the tax collector's office will make a sale, once you set the time interval has passed.

COUNTY CLERK

The clerk of the county oversees times the land registry records. In this case a part of the function the employee is to ensure that records of the county are properly recorded, including documents, maps, platforms, mortgages, liens and other documents relating to the property. There is nothing specific you need from the office of the Registry, just be aware that the records for the property you are looking for might be kept there if you need to get them.

LAND RECORDS

This department is where all documents relating to the ownership of / interest in the property is registered. It could also be called the office of the Recorder, Deeds Registry, or another name, check with your County Clerk's office for verification on this.

When you buy a property, the deed is recorded here. If there is a mortgage on the property, was also recorded here. Any liens against the property were taken to maintain as part of the public domain.

The office is usually the land records in which maps of the county are required as well. They will have maps of subdivisions individual platforms (maps), maps of land and unplatted maps showing provincial boundaries. The maps are invaluable to you in property, including location of the territory that does not have a street address. Some counties have a separate department mapping that preserves and maintains all the maps, but more often held in the Land Records Office, if in doubt, ask.

DEPARTMENT ZONE

The department maintains and enforces the zoning regulation that specifies what can be done with any given piece of property within a county. Regulations can be created by the Zoning Department, Planning Commission or the county commissioners, but the department will enforce zoning. If you want to know if a piece of land is a suitable site for a house and what size the house should be, you want to find the zoning in this office ....

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