Installment Payment Plan
Tangible Personal Property Taxes
If taxes are still not paid, the Tax Collector must petition the Circuit Court to have a judge “confirm” the warrant that authorizes the Tax Collector to seize and sell the personal property to pay the taxes. The court costs are added to the delinquent tax bill, along with a delinquent collection fee of 15%. If the property cannot be located or is sold for less than the amount due, all other personal property of the taxpayer is subject to seizure and sale.
Even though the warrant is issued in the owner’s name, it is important to note that the “lien” attaches to the tangible property. If taxes remain unpaid, this lien survives the sale or transfer of the property. Therefore, it is very important to verify that tangible taxes are paid prior to the purchase of a business or rental property.