How to Pay Back Taxes on Owned Property

County assessors determine the value of property for the purposes of taxation.

Property taxes are typically assessed at the county level by a tax assessor on an annual or semi-annual basis. The tax is calculated by multiplying the current tax percentage rate by the value of the property, which is determined by the assessor. Once the calculation is complete it is the assessor's responsibility to provide a Notice of Valuation, which details the amount of taxes due on the account. When tax payments are missed, the account begins to accrue interest, fees or penalties at a rate specified by the county. Several steps are required to pay back taxes on owned property.

Instructions

1. Collect your most recent Notice of Valuation and calculate the amount of taxes you owe. Taxes are calculated by multiplying the value of the home by the municipal tax rate. For example, if the property is valued at $300,000 and the tax rate at the time you fell behind was 7 percent, the estimated tax is $2,100. This does not include penalties and interest and should serve as a guideline for payment.

2. Contact the county's office of revenue and taxation to request a current tax account statement. The statement should include the property value, tax amount and any penalties, fees and interest.

3. Get a certified check from a bank or a money order for the total amount due. Make the instrument payable to your county's office of taxation or other governing agency and keep at least one copy.

4. Deliver the payment in person to the designated authority. Request a receipt for the payment and a tax lien redemption certificate, which proves you paid delinquent taxes.

Tips & Warnings

• Calculate and divide your annual taxes by 12 and set aside equal monthly amounts to pay your annual tax.

References

• Bureau of Labor Statistics: Appraisers and Assessors of Real Estate

Resources

• Tax Foundation: Property Taxes on Owner-Occupied Housing by State, 2004 - 2009