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    Property Tax Lien Sale Program Extended by City Council

    Property Tax  •  Citywide
    Current debt thresholds triggering a tax lien sale. Image Credit: City Council.

    Current debt thresholds triggering a tax lien sale. Image Credit: City Council.

    The City’s Lien Sale Program has been extended another four years with some minor modifications. A lien is a legal claim against a property for unpaid property taxes, water, sewer or other property charges. When the property owner has been delinquent for a specified period of time, the City is allowed to sell the liens to an authorized third party. The new purchaser then has the authority to collect the money that was previously owed to the City, plus other fees and interest. (read more…)

    Tags : Lien Sale Program, NYC Property Tax, Tax Liens
    Date:01/23/2017
    Category : City Council
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