Owning land through Fabrica is real ownership. That means the property taxes are yours too. This article covers who pays, how to find your bill, and what happens if taxes go unpaid.
Who pays property taxes?
You do. Whoever owns the property on Fabrica at any given time is responsible for the property taxes, exactly as with any land you own. Fabrica does its best to surface tax information, but paying on time is your responsibility, and Fabrica is not responsible for late or missed payments.
If you buy a property and the previous owner left taxes unpaid, the outstanding balance follows the property. As the new owner, you owe it, and it may be difficult or impossible to recover that money from the seller. Check the tax status before you buy.
How much do I owe, and where do I pay?
Property taxes are set and collected by the county where the land sits. They are usually due once or twice a year, and the amount is based on the county’s assessed value of the property.
To find your bill:
Search the web for your county’s name plus “property taxes”.
On the county website, look for the Tax Collector or Treasurer section.
Look up your property by its APN (the parcel number on your tax bill and on your Fabrica property page).
You can usually see the amount due, the due dates, and pay online.
Why does the bill show a trust’s name instead of mine?
At the county, your property is titled in the name of your own trust. That is how Fabrica ownership works: you are the beneficiary of the trust, and by default you are also your own trustee. Some counties are also slow to update their records after a transfer, so the bill may show the trust or a previous owner’s name.
Regardless of the name printed on the bill, the current owner is the one who owes the taxes. If you would like the name or mailing address on file corrected, contact us and we will help.
Don’t wait for a notice
County mailing records can lag behind, so a tax bill may go to an old address or arrive late. You still owe the taxes even if no notice reaches you. Check your county’s website at least once a year, or set a reminder around your county’s due dates.
What happens if taxes go unpaid
Unpaid property taxes have real consequences:
The county can place a lien on the property and eventually sell it at a tax sale.
Under the trust agreement, a tax sale can trigger automatic dissolution of your trust and void the token. In plain terms: if the county sells the land for unpaid taxes, the Fabrica token no longer represents anything.
Borrowing on Fabrica is blocked unless your taxes are verifiably current. If the tax status is unknown, that blocks loans too.
Your property’s provenance score drops, which can also affect marketplace visibility.
Keeping taxes current is the single most important thing you can do as an owner.
If you get stuck, message us through the chat bubble in the corner.
Learn more: Property obligations