Escrow & Title
In Georgia, property taxes become a lien on the property as of:
AJanuary 1 of the tax year✓ Correct
BThe date the tax bill is issued
CThe date taxes become delinquent
DThe closing date of any sale
Explanation
In Georgia, property taxes are assessed as of January 1 of each year. The tax lien attaches to the property on January 1, even though the tax bill is issued and due later in the year.
Related Georgia Escrow & Title Questions
- A title search in Georgia examines the public record chain of title to identify:
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- RESPA requires that when a seller requires the use of a particular title company as a condition of sale, the seller must:
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- Which of the following is NOT typically included in the chain of title?
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