Definition: A fee, secured by real property, imposed upon property owners by local and state governments.
At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Examples:
Failure to pay property taxes can result in a lien against your property which, if left unpaid for five years, could result in a public sale of your property without your consent.
