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November 27, 2012
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Tax traps lurk for new home buyers

Avoiding tax penalties is a crucial component to staying on a productive financial path, but for some homeowners, a proactive approach is necessary. When Tina Vernon was elected to the Nevada County tax collector’s position in 2010 and assumed office, one of the first things she noticed was that new homeowners were often unfairly getting stuck with late penalties and interests on tax bills, of which they were not aware. “In 2011, I saw it happen a lot and I just felt it was not right,” Vernon said. What Vernon is referring to, is a process whereby when property is …

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The Union Updated Nov 27, 2012 07:36AM Published Nov 29, 2012 07:40AM Copyright 2012 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.