A doc issued by a governmental authority attests to the fee of actual property levies. This official report usually consists of particulars such because the property’s tackle, the proprietor of report, the tax yr, and the quantity paid. As an example, it’d function proof of fee throughout an actual property transaction.
This documentation performs a significant position in property transactions, providing authorized assurance to consumers and lenders that excellent dues have been settled. Traditionally, such data have developed alongside taxation techniques, turning into more and more standardized for readability and effectivity. Their existence safeguards property house owners from potential penalties and ensures a clean switch of possession. A transparent report of tax funds may positively affect property values and facilitate entry to financing.
