If a piece of property is sold at auction to satisfy a tax lien for unpaid taxes,any amount paid in excess of the amount of taxes owed is retained by the state.

Name: If a piece of property is sold at auction to satisfy a tax lien for unpaid taxes,any amount paid in excess of the amount of taxes owed is retained by the state.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

When a property is sold at auction to satisfy a tax lien, any excess amount over the taxes owed is typically returned to the property owner, not retained by the state.

If a Piece of Property Is Sold at Auction to Satisfy