Pennsylvania Auctioneer Practice Exam

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What is a tax lien?

Chase on a piece of property
Enforcing a property sale for unpaid taxes
Legal claim on property for unpaid taxes
State regulation on property ownership

The correct answer is: Legal claim on property for unpaid taxes

A tax lien is a legal claim on a property for unpaid taxes. When property owners fail to pay their taxes, the government can place a lien on the property as a way to secure payment. This lien gives the government the right to take possession of the property if the taxes remain unpaid. This distinguishes option C as the correct answer. Options A, B, and D are incorrect: - Option A, "Chase on a piece of property," does not accurately define a tax lien. - Option B, "Enforcing a property sale for unpaid taxes," is not the definition of a tax lien but rather a potential consequence of having a tax lien placed on a property. - Option D, "State regulation on property ownership," is too broad and does not specifically relate to the concept of a tax lien.