Returned Tax Assessments???

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I found a list in county records, "Returned Tax Assessments". Is this a good source for leads?
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Comments(5)

  • RonaldStarr22nd February, 2004

    hlprops----------------------

    This is something local to your county or state. I have never seen anything like it.

    You have two places to go for information on this: Pull up the state statutes related to the collection of taxes, and especially assessments, and search for that phrase. Then read what it says it is about. The second is to call the local tax assessor and learn from them what that list consists of.

    Good Investing************Ron Starr************

  • hlprops22nd February, 2004

    The list consists of tax assessments that were mailed out for 2003 and were returned undeliverable. I gathered that they are either vacant or probates with no forwarding info for trusts.

    You can search by either property address or home owner.

    I'm gathering if the assessments were returned more than likely the taxes were not paid.

    My question for the above if the situation is unpaid taxes and they are vacant etc. Are these possibe leads or dead deals?

    hlprops

  • glenmckinnie22nd February, 2004

    How did you come across the list? I need one for VA.

  • seakit23rd February, 2004

    Wow, wish I had one of those!

    They're leads. What you have there is a pre-tax foreclosure list. Congratulations.

    Here's some ideas on how to research it yourself: if your Recorder's office (aka Auditor) is online check the taxpayers name against Death Certificates. If they died then find a way to look into probate records. If probate is in process the heirs may be interested in quick cash for inherited property.

    Returned tax bills can also be for out-of-area or out-of-state owners who moved and forgot to update the tax record for their fishing cabin, rental property or whatever. That they forgot tells you the property is not the most important thing to them and they may be willing to sell. People often move to somewhere else in the same town, or another town in the same state. You can do legwork yourself online, or get skip traces done. If you find a person of the same name with a different but plausible address call them or write them along the lines of "I'm inquiring if you're the owner of property X, the taxes are unpaid, would you be interested in selling to me?". Of course, 9 times out of 10 you're just reminding them to call the county assessor dept and update their taxpayer address (they should say "Thank You" to you but they won't bother!), but the 10th may say, "what the heck, we haven't stayed there for years, why don't we just get rid of the old place?" and call you.

  • hlprops23rd February, 2004

    The info is listed on the county tax assessor website. Not all counties are providing this info.
    online.

    hlprops

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