Property Tax Lien

A property tax lien is a legal claim that a government entity places on a property when the owner fails to pay property taxes. This lien ensures that the government can collect the owed taxes if the property is sold or refinanced. The lien typically takes priority over other debts, meaning it must be settled before other claims against the property. If unpaid, the government may eventually foreclose on the property to recover the owed taxes. Essentially, a property tax lien is a way for municipalities to secure their revenue from property owners who do not fulfill their tax obligations.