Each year, the National Tax Lien Association confirms through research that cities and counties fail to collect $14 billion in property taxes. This money is crucial to fund public schools, libraries, parks, fire and police departments and all other necessary services. The government is then forced to shut down public schools, lay off teachers, nurses, police, firemen, shutdown community parks etc. due to the lack of funds owed to the county.Thankfully, 29 states and the District of Columbia have found a way to avoid this problem. They are assigning and transferring these unpaid taxes as liens to private investors in order to balance their budgets. By selling these tax certificates, the local government is able to exchange unpaid property tax for immediate infusions of cash.
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