Property Ownership
A 'tax certificate' or 'tax sale certificate' in Louisiana represents:
AProof that property taxes have been paid in full
BA certificate issued to the party who purchases the tax lien at a tax sale✓ Correct
CA government appraisal of assessed value
DA homestead exemption approval
Explanation
When property taxes go unpaid and the property is sold at a tax sale, the purchaser receives a tax sale certificate. The original owner typically has a right of redemption for a period after the tax sale.
Related Louisiana Property Ownership Questions
- Louisiana's Mineral Code provides that a mineral servitude prescribes (expires) if minerals are not being produced or worked within:
- In Louisiana, a 'mortgage' grants the mortgagee (lender) a real right in the property. This means the mortgage:
- In Louisiana, the owner of a dominant estate has a right to use the servient estate for the specified purpose. The owner of the servient estate:
- In Louisiana, the legal system that governs how property acquired during marriage is owned is called:
- In Louisiana, the owner of the 'naked ownership' of a property subject to a usufruct may sell or mortgage their naked ownership interest, but the sale or mortgage is:
- In Louisiana, a property held in a 'revocable trust' (living trust) for estate planning purposes has the owner as trustee during their lifetime. When used for real estate, the trust:
- In Louisiana, the homestead exemption reduces property taxes on a primary residence by exempting the first:
- The Louisiana homestead exemption from property taxes requires the owner to:
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