When do property taxes become delinquent in Guam?

Prepare for the UOG Real Estate State Exam with our comprehensive quiz. Utilize flashcards and multiple-choice questions, each with hints and explanations. Ace your exam effortlessly!

Property taxes in Guam become delinquent on February 20. This date is significant as it reflects the deadline for property owners to pay their taxes without incurring penalties or interest. If the taxes remain unpaid after this date, they enter into delinquency status, which means that the property owner may face additional fees or legal actions to recover the owed amount.

Understanding the timeline for property taxes is crucial for real estate professionals, as it affects not only the financial responsibilities of property owners but also can influence property transactions. Since timely payment can prevent complications like liens on properties, awareness of the delinquency date is essential.

The other dates do not align with the established regulations for property tax delinquency in Guam. For instance, dates preceding February 20 do not accurately represent the delinquency timeline. Furthermore, the answer choices that extend beyond February, such as April 15, do not apply since they fall outside the statutory deadline for payment, and thus do not accurately reflect the policies governing property tax collection in Guam.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy