A Connecticut property owner fails to pay her property taxes for two consecutive years. Under Connecticut law, what is the most significant legal consequence the municipality may pursue to collect the unpaid taxes?
Correct Answer
B) The municipality may place a tax lien on the property and ultimately pursue a tax lien foreclosure
Under CGS § 12-172, unpaid property taxes in Connecticut automatically become a lien on the real property. If taxes remain unpaid, the municipality may pursue foreclosure of the tax lien through a judicial process, which can ultimately result in the property owner losing title to the property. The tax lien has priority over most other liens, making this a powerful collection tool for Connecticut municipalities.
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Previous Question
David, a Connecticut real estate salesperson, is working with a buyer client who is under contract to purchase a home. The buyer asks David to explain how property taxes are handled at closing in Connecticut. Which of the following most accurately describes the standard Connecticut practice for prorating property taxes at closing?
Next Question
A Connecticut assessor values a single-family home at $400,000 fair market value and assesses it at $280,000. The homeowner believes the fair market value is only $350,000. If the homeowner successfully argues the lower market value before the Board of Assessment Appeals, what will the new assessed value be?