i’m trying to estimate the total amount which has accrued in tax liens for a vacant house.
The record I have to refer to shows this:
Amount: 920.92
Interest: 101.07
Total: 1021.99
Interest at a rate of 18%
This record is from 2002. In order to find out the total amount, do I take this and just apply 18% compounded interest?
The current tax record of this property shows updated in 2006, so wouldn’t the taxes have changed since this tax certificate?
I’m a little confused, if anyone who can shed some light on this I’d appreciate it.
thanks,
ryan