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    kathleenzavala3's Avatar
    kathleenzavala3 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 10, 2008, 08:16 PM
    Back taxes on a property
    Am I responsible for back state and federal taxes on a property I want to buy
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Aug 11, 2008, 05:04 AM
    Hello k:

    Those costs are negotiable.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Aug 11, 2008, 07:06 AM
    Not normally. Generally, at the closing, the title company will collect checks to pay all taxes due. The seller could be including those amounts in his asking price.

    By the way, the Federal government doesn't impose porperty taxes. Generally, neither does the state government. Property taxes are generally done on a town or county basis.
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