" place the figure as high as $5 billion a year."
Although this seems like a large number, the real percentage
delinquency rate for property taxes is remarkably low, typically much
less than 3%.
The portrayal of the tax lien business as essential to the survival of
public services, as in the Intro to the National Tax Lien Association's
website, is hogwash.
Likewise the implication that tax lien/deed purchasing involves
"Investing in America's Communities," again as portrayed in the NTLA
intro, is ludicrous: tax deed/lien purchasers invest in nothing for the
communities they feed off of, they merely minimally pay the taxes
normally due.
When all is said and done, the municipalities only get a portion of that
small percentage as net income. As in the Los Angeles "Teeter Plan",
'the money will be (is) minimal.'
Although this seems like a large number, the real percentage
delinquency rate for property taxes is remarkably low, typically much
less than 3%.
The portrayal of the tax lien business as essential to the survival of
public services, as in the Intro to the National Tax Lien Association's
website, is hogwash.
Likewise the implication that tax lien/deed purchasing involves
"Investing in America's Communities," again as portrayed in the NTLA
intro, is ludicrous: tax deed/lien purchasers invest in nothing for the
communities they feed off of, they merely minimally pay the taxes
normally due.
When all is said and done, the municipalities only get a portion of that
small percentage as net income. As in the Los Angeles "Teeter Plan",
'the money will be (is) minimal.'
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
This page is incomplete and still
being worked on...
being worked on...
Last revised 05-27-09
All blue highlighted text links to
additional notes and information
All blue highlighted text links to
additional notes and information