Posts tagged Texas
Property Owners Beware: You Could Be in Risk of Property Tax Foreclosure and Government-Sanctioned Theft

The Michigan Supreme Court has a tough call to make involving property tax foreclosures and the amount of money the government can legally “take'' from you. According to the Michigan Department of Treasury, Michigan counties can foreclose on homes after property taxes are delinquent for three years. This means that if you are a property owner and are behind on your property tax payments, you can be at risk of having your property foreclosed and a lawful taking, or an attorney, Christina Martin calls it: “government-sanctioned theft.”

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Texas Becomes Latest State to Discuss Abolishing Business Personal Property Tax Liabilities

Property tax liabilities have been a trending topic for many years, but lately, BPP has taken an incline. If you’re unfamiliar with “BPP”, or Business Personal Property, it is a tax on the value of a business’s inventory and equipment. With the recent property tax liability reform of SB2 and HB3, questions arise of whether or not Texas will jump on board to make changes to BPP tax liabilities?

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