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Property Tax Interest Rate @ 18%
I filed a chap 13 in Riverside County and received a letter from the
County Treasurer, stating essentially that the proper interest rate on
property taxes on the debtor's residence is 18%, and asking that I
agree to interlineate that amount (I had stated 0% probably because I
wasn't sure what rate was proper at the time I filed). If I don't
agree, the Treasurer will object to the Plan. I will look up citations
to Revenue and Taxation Code provision and Bankruptcy Code provisions
and case law in the letter, but meanwhile wonder if anyone knows
offhand if 18% is the correct interest rate on property taxes in a chap
13 plan.
The post was migrated from Yahoo.