IRS Federal Tax Liens Prevention and Removal Processevention and removal of irs federal tax liens
Tax Liens in the American Landscape
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Transcript of Tax Liens in the American Landscape
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Tax Liens in theAmerican Landscape
Comparative Metrics of Tax Lien Certificate Policy Outcomes
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States & Localities as Laboratories
• Where do Tax Lien Policies Work Best?– For local residents?
– For investors?
– For tax lien delinquents?
• What is the Best Possible Model?– What can appeal to newcomers (especially Californians)?
– What can respond to and satisfy demands for reform?
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The Task(s) at Hand
• Compare Bid Rates by Land Use Category
– Deal with Data Access Hurdles• Acquire Sale Lists and Results Lists• Acquire and Integrate Property Information
– Overcome the Apples and Oranges Problem (Big Data)• Harmonize Zoning and Property Codes• Recalculate Premiums into Effective Winning Bid Rates
Florida Maryland
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Comparative Densities
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Maryland Densities
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Florida Densities
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Maryland Harmonization
• Diverse Local Rates– 12%
• Cecil
– 18%• Ann Arundel• Howard• Baltimore City
– 20% • Prince George’s
𝐹𝑎𝑐𝑒𝐴𝑚𝑜𝑢𝑛𝑡 ∗ 𝐿𝑜𝑐𝑎𝑙𝑅𝑎𝑡𝑒
𝐹𝑎𝑐𝑒𝐴𝑚𝑜𝑢𝑛𝑡 + 𝐵𝑖𝑑𝑃𝑟𝑒𝑚𝑖𝑢𝑚
ROI presuming 1 year
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Purchased at Auction, 2013
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Charting Broad ComparisonsTotal Face Avg. Face
Avg. Rate
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Charting Land Use Comparisons #1
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Charting LandUse Comparisons #2
Total Face Avg. Face
Total Count Avg. Rate
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Land Use & Average RateAvg. Rate
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What’s the difference that makes a difference?
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Charting Quintiles
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Charting Average Rate by QuintileCommercial Industrial
Land Residential
Bidding Aggression
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Residential Bid Rate by Quintile
Bidding Aggression
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Tax Lien Policies Compared
• What kinds of outcomes are incentivized?
– Relative likelihood of delinquency.
– Relative participation of investor community.
– Relative forbearance to delinquents.
– Relative speed of lien redemption.
– Relative speed & quality of property rehabilitation.