Condo Media - April 2018 - 54

The Region

NEW HAMPSHIRE

The Dirty Business of Taxes and Tax Liens
Unpaid Taxes and the Impact on the Association
[by Gary M. Daddario, Esq., CCAL]

I'll assume at the outset, that none
of us enjoy paying taxes. From my experience, in the court of public opinion,
taxes give lawyers a run for their money
(no pun intended) in accumulating the
disdain of the general populace. I know
what you're thinking-"but we are an
association, fortunately the individual
unit owners get taxed directly from the
municipality when it comes to property
taxes, so we don't have to worry about
this." Unfortunately, this is not the case.
True, municipalities tax individual unit

54

CONDOMEDIA

owners and payment of the property tax
bills is, typically, between the owner and
the city or town. However, an unpaid
property tax bill can result in a tax lien
against the unit. I know what you're
thinking-"the tax lien is against the
unit and not the association, so we don't
have to worry about this." Unfortunately,
again, this is not the case.
TAX LIENS AND FORECLOSURE
Tax liens for property taxes take
precedence over the liens of the as-

sociation. So, if the unit owner whose
taxes are unpaid also happens to be
one of the association's delinquent
owners, the risk associated with their
outstanding balance increases. Now
comes the scary part: a cottage industry has taken form wherein companies
purchase tax liens from municipalities
and then foreclose on them.
The foreclosure extinguishes all
junior liens, which means that the
association may forfeit any delinquent
balance owed by the unit owner. The



Table of Contents for the Digital Edition of Condo Media - April 2018

Contents
Condo Media - April 2018 - BB1
Condo Media - April 2018 - BB2
Condo Media - April 2018 - Cover1
Condo Media - April 2018 - Cover2
Condo Media - April 2018 - Contents
Condo Media - April 2018 - 2
Condo Media - April 2018 - 3
Condo Media - April 2018 - 4
Condo Media - April 2018 - 5
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Condo Media - April 2018 - 7
Condo Media - April 2018 - 8
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Condo Media - April 2018 - Cover3
Condo Media - April 2018 - Cover4
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