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If you dont pay property taxes in Connecticut, the delinquent taxes become a lien on the property.
How long can property taxes go unpaid in Connecticut?
Taxes must be paid within one month of the due date to avoid penalty interest. Delinquent taxes are subject to interest at the rate of 1.5% per month (18% per annum), or any part thereof, from the original due date.
How to invest in tax liens in CT?
Investors can purchase property tax liens in much the same way actual properties are bought and sold at auctions. The auctions are held in a physical setting or online, and investors can either bid down on the interest rate on the lien or bid up a premium they will pay for it.
How profitable is tax lien investing?
From a mere profit standpoint, most investors make their money based on the tax liens interest rate. Interest rates vary and depend on the jurisdiction or the state. For example, the maximum statutory interest rate is 16 percent in Arizona and 18 percent in Florida, while in Alabama the rate is fixed at 12 percent.
What are considered delinquent acts?
Delinquent act: An act committed by a juvenile which, if committed by an adult, would be a criminal act. The juvenile court has jurisdiction over delinquent acts. Delinquent acts include crimes against persons, crimes against property, drug offenses, and crimes against public order.
How Does Tax Lien Investing Work? Local governments auction off tax liens to the highest bidder. The investor who purchases a tax lien certificate essentially pays the owed property taxes to the municipality, earning the right to collect the debt plus interest from the property owner.
Related links
JUVENILE JUSTICE
In 2017, NCJFCJ determined that it was necessary to revisit the Juvenile Delinquency. Guidelines to ensure that this vital resource remained relevant. In the
Access to records of cases of juvenile matters by victim of delinquent act committed by a child. Sec. 46b-125. (Formerly Sec. 51-306). Juvenile probation
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