A charge against property created by operation of law. For example: (1) A lien for non-payment of property taxes, attaching only to the property upon which the taxes are unpaid. (2) A federal income tax lien. This lien may attach to all property of the one owing the taxes.
Claim made by a federal or local government agency against a taxpayer's property for delinquent or overdue taxes. The tax lien is effected through tax assessment, demand, and failure to pay. In some cases, a lien may be applied to property held by a third party. One the taxes are paid, the lien is released.
A tax lien is a lien that is issued by any taxing authority for taxes you owe to them. If you already own a home the lien will be attached to the home and will have to be paid off when sold. If you want to refinance or purchase a home and you have a tax lien you will either have to pay it off or show that you have a payment plan in place.
The federal, state, or local government's claim to your real or personal property for the payment of unpaid taxes. A tax lien filed against you normally appears in the public records section of your credit report.
A lien for outstanding or delinquent property, IRS or state taxes. Tax liens for delinquent property taxes are the most common and attach only to the property upon which the taxes are unpaid. Property tax liens always take priority over other liens.
Liens placed on property by governmental entities for failure of the owner to pay taxes, be they taxes for the property itself, or for other taxes that the owner has failed to pay, like income or payroll taxes.
A tax lien is a lien imposed on property by law to secure payment of taxes. Tax liens may be imposed for delinquent taxes owed on real property or personal property), or as a result of failure to pay income taxes or other taxes.