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Do banks have to pay property taxes on foreclosed homes?

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asked Mar 17, 2018 in Real Estate - Renting by Tryezz (230 points)
Do banks have to pay property taxes on foreclosed homes?

When a bank has a house that is foreclosed does the bank have to pay property taxes on the foreclosed home?

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answered Mar 17, 2018 by Larry S (42,350 points)
As long as the bank owns the foreclosed home then yes they'll be required to pay the property taxes that are owed on the property every year.

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