Just reading more of Robert Kiyosaki and am wondering if here in Australia (or Victoria) we have anything similar to the Tax Lien Certificates ? i.e. where you pay the property taxes of someone who refuses to pay or who are late in paying & then that person at minimum is indebted to you the amount of the tax + a high interest component and if this remains unpaid you have claim to their property.
Also as a side issue I am wondering what the Property and/or Land tax rates are in Australia, or more specifically Melbourne ?
Thanks
Chris
Hi Chris
I am not sure if there is such a Lien in Aust, but a caveat would be the closest in my mind. It is my understanding a caveat is placed to protect your interest (ie debt) and must be paid prior to the property being released on a sale.
As for property taxes, look up each states tax revenue department which is available on the websites.
Regards
Bruce
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