Real Estate Tax Question. We bought a property this year. Since purchase, we have paid all of our real estate?

Real Estate Tax Question. We bought a property this year. Since purchase, we have paid all of our real estate property taxes.

The Commonwealth of Virginia is now telling us that the previous owner did not pay all of her Real Estate Property taxes and that we, as current owners, are liable. Is this true? Is it legal?

Help! Asked by Mamasunotheremuch 47 months ago Similar questions: Real Estate Tax Question bought property year purchase paid real estate Politics & Law > Law.

Similar questions: Real Estate Tax Question bought property year purchase paid real estate.

More Than Likely True All this depends on VA law or maybe county ordinance. You should have never been able to gain title to this property with a tax liability. The tax collectors don't care where the money comes from you or the previous owner.

They have a lever with you, but not the previous owner. A real estate agent should have known this & warned you before you bought it. One of the things that is taken care of up here before property is transferred, the buyer & seller pro-rate the taxes for the year.Ex.

If the property is transferred on July 1, both parties are liable for half the tax liability. In ND, title searches are done before you purchase property & the county should have had a lien on the property if it was past due. You will need to see a lawyer.

I am guessing that you will have to pay, but you may be able to take your real estate agent to small claims court for negligence; for that portion of the taxes or the previous owner. The lawyer will provide you with a list of options..

Yup Short answer: Yes Longer answer: Taxes run with the property so, if they weren't paid when you bought the house they are still there and collectible. But, before you go nuts: Taxes should have been paid current when you purchased. If they weren't somebody screwed up.

Contact whoever did the closing for you. Someone should have searched the title and verified the tax status. If they missed it they are liable.

If the tax collector dropped the ball, the taxes still have to be paid but the interest and lien fees my be forgiven. If you purchased an Owner's title insurance policy that will cover back taxes. The title company will pay the taxes and they'll chase down whoever messed up.It won't be your problem.

Of course it is true. That's why knowledgable real estate buyers perform a serach using a title insurance company.

Your title insurance may cover this. You can also sue the prior owners for nondisclosure. If the State of Virginia placed a lien on the house for the back taxes, then it should have turned up in the title search, and you should be reimbursed by the title company under your title insurance.

If there was no lien, then you would have to go after the prior owners for not disclosing this deficiency in the property's condition. If you had a personal lawyer involved, I would contact them and ask them to handle this as part of their original fee. They should have caught this prior to closing.

Yes, you should pay the back taxes since the state is too lazy to go after the previous owners. If you don't pay, they will hurt your credit, and eventually place a lien on the property preventing you from selling it. I hope this helps..

1 I'll look more, but initial thought is yes, that is true. However, check with the lawyer you used at closing. And your lender.

A title company usually requests proof that taxes are current. I know we weren't allowed to close without proof the property taxes were paid. So I wouldn't freak out yet!

I'll look more, but initial thought is yes, that is true. However, check with the lawyer you used at closing. And your lender.

A title company usually requests proof that taxes are current. I know we weren't allowed to close without proof the property taxes were paid. So I wouldn't freak out yet!

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