Friday, January 29th, 2010 at
8:48 am

I own my own house in which I live. I also own a very small piece of property with a small cottage on it in the next town over but within the same county. I used to use it as a weekend getaway. The taxes on it are higher annually then the home in which I live. In addition, I owe back property taxes on the cottage property and I can’t afford to pay them right now. I’m also not in the position to rent out the property for income and although I have tried for the past two years, I have not been able to sell the property either. Maintaining the property and lawn is getting harder too. My question is this; if I were to let the property go to the county for a tax sale and someone buys it for pennies on the dollar…am I then responsible for the remainder of the property taxes for that property? If so, can that affect the property taxes on my home…could they add that
debt to my home property taxes? Also, if I would be responsible for the remainder of the property taxes, can I file chapter 7 bankruptcy to eliminate that debt? Thank you.
Additionally, I live in New York State…if that makes a difference.
Quick Property Sale