Bexar Texas Tax Lien Contracts refer to legally binding agreements between a property owner and Bexar County, Texas government regarding unpaid property taxes. When property owners fail to pay their property taxes, the county may place a tax lien on the property, allowing them to collect the outstanding amount. The Bexar Texas Tax Lien Contract outlines the terms and conditions under which the property owner can repay their delinquent taxes. In Bexar County, there are primarily two types of tax lien contracts: the Bexar County Tax Assessor-Collector's Deed Sale and the Bexar County Property Redemption Process. 1. Bexar County Tax Assessor-Collector's Deed Sale: In this type of tax lien contract, the county holds auctions where interested individuals can bid on properties with unpaid taxes. The highest bidder is awarded the tax lien, and the property owner is given a certain period, known as the redemption period, to repay the delinquent taxes plus any additional charges. If the property owner fails to redeem the property within the stipulated period, the tax lien holder can foreclose on the property and become the new owner. 2. Bexar County Property Redemption Process: This tax lien contract is applicable when the property owner wants to redeem their property before it goes to a deed sale auction. The property owner must contact the Bexar County Tax Assessor-Collector's office and pay the delinquent taxes, penalties, and interest. A redemption certificate is then issued, confirming the property's release from the tax lien. It is important for property owners in Bexar County to understand the implications of tax lien contracts. Failure to pay property taxes and enter into a tax lien contract can result in costly fees, foreclosure, or loss of ownership. It is recommended that property owners consult with legal professionals or the Bexar County Tax Assessor-Collector's office for guidance on dealing with tax lien contracts.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.