The Harris Texas Tax Lien Contract is a legal agreement between the Harris County Tax Assessor-Collector and the purchaser of a tax lien on a property in Harris County, Texas. This contract is an integral part of the tax lien sale process, which allows the county to collect delinquent property taxes. When property owners fail to pay their property taxes in Harris County, the county government places a tax lien on the property. In order to recuperate the unpaid taxes, the county offers these tax liens for sale to investors through a public auction. The Harris Texas Tax Lien Contract is then signed between the tax lien purchaser and the county to establish the terms and conditions of the transaction. The contract includes essential information such as the names and contact details of both parties involved, a description of the property lined, the amount of the delinquent taxes, the interest rate or penalty imposed on the unpaid amount, and the expiration date of the contract. It also outlines the rights and responsibilities of both parties throughout the duration of the contract. It's important to note that there may be variations or different types of Harris Texas Tax Lien Contracts depending on specific circumstances or modifications to the process. These variations could include contracts tailored for different types of properties, such as residential, commercial, or agricultural. Additionally, certain contracts may incorporate provisions for the redemption period during which the property owner can repay the taxes and reclaim their property. In summary, the Harris Texas Tax Lien Contract is a legally binding agreement between the county and the purchaser of a tax lien on a property in Harris County. It establishes the terms and conditions of the sale, outlining the rights and obligations of both parties involved in the tax lien transaction. Different types of tax lien contracts may exist depending on various factors, such as property type, redemption period, or specific contractual modifications.
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.