What You Need to Know About US Property Taxes
This FAQ is meant to provide information about US Property Taxes, Judgments of Foreclosure, Certificates of Foreclosure and State Property Tax Payment Plans as it relates to Property Taxes for Properties Listed on the RealToken platform.
As we have discussed in previous communications since January 2025, it had come to RealT’s attention that financial mismanagement had occurred through some external managers who handled day to day management of the portfolio properties on its platform. Although strategic discussions and directions had been given regarding taxes, we have come to learn that this was not in fact done, and property taxes were not being addressed as agreed upon. Today, through the termination of these external managers, the properties are being directed by New Detroit PM, LLC and RealT Founders’ personally, with regards to the below management and cost study execution.
Property taxes in the US are the taxes that are imposed on land and buildings by states and local municipalities. It is considered the single largest source of state and local revenue, which is used as capital to fund schools, roads, police, and other services intended for the betterment of communities. It is customary for taxes to increase from one year to the next by the rate of inflation, generally. These taxes are collected in the summer or winter, or in some cases in combination.
Properties listed on the RealT platform are utilizing a strategic plan as it relates to tax management and payments through the utilization of payment plans. In order to participate in a payment plan strategy, a property must first become late paying, which becomes subject to a judgment of foreclosure and the subsequent Certificate of Foreclosure. At this time, a payment plan which is allowed by the States in the United States, is entered into a formal agreement with a State’s Treasurer. By securing these plans, the Properties’s tax assessments can be contested. Since tax payments in the US are a significant source of income for cities and towns, oftentimes it can be a conflict of interest in our opinion as taxes might be higher than a local market. There are firms in the US that exist to assist companies with these abatements and analysis of value, and in fact, properties on the RealT platform are engaged in a study today. By utilizing this planning method, we feel it provides an opportunity to optimize costs, address any management challenges, and maintain the financial stability of the properties, thereby protecting the value of your tokens.
A Judgment of Foreclosure is a determination that is made following a Petition made by a Treasurer for late payment of taxes. Once this Judgment is granted, a Certificate of Forfeiture is issued. This Certificate is a notice issued by a local tax authority when a property has unpaid property taxes, marking it as delinquent, as it acts as a public notice that unpaid taxes exist. This is a standard step in the tax delinquency process in jurisdictions like Michigan. It indicates that the property owner must address the tax debt to prevent further action, such as foreclosure. However, it very clearly does not mean the property has been foreclosed upon or lost as an asset of an individual or company.
An option exists in the US to allow tax payments to make payments of delinquent taxes and work to bring them current to avoid foreclosure. This is called a “Tax payment plan agreement”. These are formal and legally binding arrangements executed between a taxpayer made directly with the tax authorities to pay late property taxes in installments, rather than a single lump sum. The payment schedules in these plans include both the property tax that has been assessed and any interest and penalties. This allows properties on the RealT platform to bring current tax obligations in a structured and cost-effective manner. These plans are commonly used as strategic tools to manage tax obligations, optimize assessments, and ensure properties remain compliant and financially stable, protecting the value of your tokens.
Properties on the RealT platform have engaged Colliers to provide property tax appeal and analysis services. According to the Colliers website, these services are aimed at saving clients millions in property taxes every year. These services help clients reduce their assessed property value, which can lead to significant savings on property tax bills. Colliers reports that they can typically achieve up to 20% savings. This partnership started a month ago, and given the number of properties on the RealT platform, we do not yet have a due date for its completion. We anticipate adjustment to the taxes that Colliers may find will lead to further reductions in the tax balances that we are “holding” in payment plans.
All documents related to tax payment plan agreements are available on the respective product page under the Property Records section at the bottom of the page. To access them:
Log in to your account at https://realt.co.
Navigate to the product page for the asset you hold tokens in.
Locate the tax payment plan documents, which are displayed on the product page.
No, properties under tax payment plan agreements are not at risk of being lost. These plans ensure that tax obligations are met in a structured manner, preventing foreclosure and maintaining the stability of your investment. Any eventual penalties associated with these plans are not planned to be charged to the token holders.
RealT is committed to keeping token holders informed through official documents, Community Calls, and direct support. RealT’s commitment to providing this level of transparency is uncommon for Limited Partners or Shareholders of securities issuers. By making detailed tax payment plan documents publicly accessible to Property token holders, we believe it is one additional way to provide clear, accessible information about a token holder’s properties and its management.
The following properties have tax payment plan agreements:
- 9943 Marlowe
- 15039 Ward
- 15350 Greydale
- 12866 Lauder
- 13606 Winthrop
- 893-895 W Philadelphia
- 15379 Patton
- 14884 Ward
- 116 Monterey
- 12779 Strathmoor
- 3510 Ewald
- 14329 Strathmoor
- 7430 Nett
- 8056 E Hollywood
- 8181 Bliss
- 9135 Yorkshire
- 9200 Harvard
- 9201 Longacre
- 9465 Beaconsfield
- 9481 Wayburn
- 9624 Abington
- 9717 Everts
- 9920 Bishop
- 10003 Pinehurst
- 10021 Grayton
- 15860 Hartwell
- 15753 Hartwell
- 11201 College
- 11217 Beaconsfield
- 11758 Christy
- 11957 Olga
- 12405 Santa Rosa
- 12410 Hamburg
- 12730 Wade
- 13045 Wade
- 13116 Kilbourne
- 11078 Wayburn
- 11117 Worden
- 10629 McKinney
- 10639 Stratman
- 10703 McKinney
- 10974 Worden
- 13370 Wilshire
- 13430 Tacoma
- 13445 Tacoma
- 13628 Tacoma
- 13895 Saratoga
- 14066 Santa Rosa
- 14078 Carlisle
- 14117 Manning
- 14229 Wilshire
- 14263 Ohio
- 14319 Rosemary
- 14329 Strathmoor
- 14439 Longview
- 14839 Wisconsin
- 14882 Troester
- 15095 Hartwell
- 15203 Park Grove
- 17204 Bradford
- 14494 Chelsea
- 14825 Wilfred
- 15240 Edmore
- 15373 Parkside
- 15611 E Seven Mile
- 15770 Prest
- 15777 Ardmore
- 15796 Hartwell
- 15841 Coram
- 15864 Eastburn
- 16200 Fullerton
- 16881 Greenfield
- 19154 Sherwood
- 19163 Mitchell
- 19268 Eureka
- 19333 Moenart
- 19391 Grandview
- 19400 Hickory
- 19530 Hickory
- 22233 Lyndon
- 22512 W McNichols
- 25097 Andover
- 2661-2663 Cortland
- 3310-3312 Sturtevant
- 3323 Waverly
- 4000 Taylor
- 4342-4344 Cortland
- 19201 Westphalia
- 2626-2638 Wreford
- 2703-2705 W Grand
- 3747 Scovel
- 4061 Grand
- 19020 Rosemont
- 19136 Tracey
- 19144 Riopelle
- 9133 Devonshire
- 9166 Devonshire
- 9169 Boleyn
- 17809 Charest
- 17813 Bradford
- 18273 Monte Vista
- 18515-18517 Kelly
- 18527-18529 Kelly
- 18776 Sunderland
- 19003 Moross
- 7109-7111 Pilgrim
- 9171 Whittier
- 15634 Liberal
- 15778 Manor
- 15784 Monte Vista
- 16767 Greenfield
- 17500 Evergreen
- 18276 Appoline
- 18433 Faust
- 18481 Westphalia
- 18608-18612 Moross
- 18668 St Louis
- 19218 Houghton
- 19750 Marx
- 19751 Marx
- 8342 Schaefer
- 5942 Audubon
- 6923 Greenview
- 9165 Kensington
- 10084 Grayton
- 10411-10421 Cadieux
- 10445 Cadieux
- 10604 Somerset
- 10612 Somerset
- 10616 McKinney
- 11300 Roxbury
- 11653 Nottingham
- 11750 Morang
- 13041 Hayes
- 13991 Warwick
- 14231 Strathmoor
- 15048 Freeland
- 20160 Conant
- 5846 Crane
- 9309 Courville
- 9336 Patton
- 10048 Grayton
- 10700 Whittier
- 11078 Longview
- 12334 Lansdowne
- 13245 Monica
- 20200 Lesure
- 4380 Beaconsfield
- 4680 Buckingham
- 5278-5280 Drexel
What is the purpose and timing for the FAQ addition
As we have discussed in previous communications since January 2025, it had come to RealT’s attention that financial mismanagement had occurred through some external managers who handled day to day management of the portfolio properties on its platform. Although strategic discussions and directions had been given regarding taxes, we have come to learn that this was not in fact done, and property taxes were not being addressed as agreed upon. Today, through the termination of these external managers, the properties are being directed by New Detroit PM, LLC and RealT Founders’ personally, with regards to the below management and cost study execution.
What are Property Taxes in the US
Property taxes in the US are the taxes that are imposed on land and buildings by states and local municipalities. It is considered the single largest source of state and local revenue, which is used as capital to fund schools, roads, police, and other services intended for the betterment of communities. It is customary for taxes to increase from one year to the next by the rate of inflation, generally. These taxes are collected in the summer or winter, or in some cases in combination.
Strategic Management of Taxation Payments
Properties listed on the RealT platform are utilizing a strategic plan as it relates to tax management and payments through the utilization of payment plans. In order to participate in a payment plan strategy, a property must first become late paying, which becomes subject to a judgment of foreclosure and the subsequent Certificate of Foreclosure. At this time, a payment plan which is allowed by the States in the United States, is entered into a formal agreement with a State’s Treasurer. By securing these plans, the Properties’s tax assessments can be contested. Since tax payments in the US are a significant source of income for cities and towns, oftentimes it can be a conflict of interest in our opinion as taxes might be higher than a local market. There are firms in the US that exist to assist companies with these abatements and analysis of value, and in fact, properties on the RealT platform are engaged in a study today. By utilizing this planning method, we feel it provides an opportunity to optimize costs, address any management challenges, and maintain the financial stability of the properties, thereby protecting the value of your tokens.
Let’s explain the key elements that pertain to this Strategy
What is a Judgment of Foreclosure and Certificate of Forfeiture?
A Judgment of Foreclosure is a determination that is made following a Petition made by a Treasurer for late payment of taxes. Once this Judgment is granted, a Certificate of Forfeiture is issued. This Certificate is a notice issued by a local tax authority when a property has unpaid property taxes, marking it as delinquent, as it acts as a public notice that unpaid taxes exist. This is a standard step in the tax delinquency process in jurisdictions like Michigan. It indicates that the property owner must address the tax debt to prevent further action, such as foreclosure. However, it very clearly does not mean the property has been foreclosed upon or lost as an asset of an individual or company.
What are tax payment plan agreements?
An option exists in the US to allow tax payments to make payments of delinquent taxes and work to bring them current to avoid foreclosure. This is called a “Tax payment plan agreement”. These are formal and legally binding arrangements executed between a taxpayer made directly with the tax authorities to pay late property taxes in installments, rather than a single lump sum. The payment schedules in these plans include both the property tax that has been assessed and any interest and penalties. This allows properties on the RealT platform to bring current tax obligations in a structured and cost-effective manner. These plans are commonly used as strategic tools to manage tax obligations, optimize assessments, and ensure properties remain compliant and financially stable, protecting the value of your tokens.
Utilization of Third-Party Specialists
Properties on the RealT platform have engaged Colliers to provide property tax appeal and analysis services. According to the Colliers website, these services are aimed at saving clients millions in property taxes every year. These services help clients reduce their assessed property value, which can lead to significant savings on property tax bills. Colliers reports that they can typically achieve up to 20% savings. This partnership started a month ago, and given the number of properties on the RealT platform, we do not yet have a due date for its completion. We anticipate adjustment to the taxes that Colliers may find will lead to further reductions in the tax balances that we are “holding” in payment plans.
How do I access the tax payment plan documents?
All documents related to tax payment plan agreements are available on the respective product page under the Property Records section at the bottom of the page. To access them:
Log in to your account at https://realt.co.
Navigate to the product page for the asset you hold tokens in.
Locate the tax payment plan documents, which are displayed on the product page.
Are properties with payment plans at risk?
No, properties under tax payment plan agreements are not at risk of being lost. These plans ensure that tax obligations are met in a structured manner, preventing foreclosure and maintaining the stability of your investment. Any eventual penalties associated with these plans are not planned to be charged to the token holders.
How does RealT ensure transparency about tax payment plans?
RealT is committed to keeping token holders informed through official documents, Community Calls, and direct support. RealT’s commitment to providing this level of transparency is uncommon for Limited Partners or Shareholders of securities issuers. By making detailed tax payment plan documents publicly accessible to Property token holders, we believe it is one additional way to provide clear, accessible information about a token holder’s properties and its management.
Properties with Tax Payment Plan Documents
The following properties have tax payment plan agreements:
- 9943 Marlowe
- 15039 Ward
- 15350 Greydale
- 12866 Lauder
- 13606 Winthrop
- 893-895 W Philadelphia
- 15379 Patton
- 14884 Ward
- 116 Monterey
- 12779 Strathmoor
- 3510 Ewald
- 14329 Strathmoor
- 7430 Nett
- 8056 E Hollywood
- 8181 Bliss
- 9135 Yorkshire
- 9200 Harvard
- 9201 Longacre
- 9465 Beaconsfield
- 9481 Wayburn
- 9624 Abington
- 9717 Everts
- 9920 Bishop
- 10003 Pinehurst
- 10021 Grayton
- 15860 Hartwell
- 15753 Hartwell
- 11201 College
- 11217 Beaconsfield
- 11758 Christy
- 11957 Olga
- 12405 Santa Rosa
- 12410 Hamburg
- 12730 Wade
- 13045 Wade
- 13116 Kilbourne
- 11078 Wayburn
- 11117 Worden
- 10629 McKinney
- 10639 Stratman
- 10703 McKinney
- 10974 Worden
- 13370 Wilshire
- 13430 Tacoma
- 13445 Tacoma
- 13628 Tacoma
- 13895 Saratoga
- 14066 Santa Rosa
- 14078 Carlisle
- 14117 Manning
- 14229 Wilshire
- 14263 Ohio
- 14319 Rosemary
- 14329 Strathmoor
- 14439 Longview
- 14839 Wisconsin
- 14882 Troester
- 15095 Hartwell
- 15203 Park Grove
- 17204 Bradford
- 14494 Chelsea
- 14825 Wilfred
- 15240 Edmore
- 15373 Parkside
- 15611 E Seven Mile
- 15770 Prest
- 15777 Ardmore
- 15796 Hartwell
- 15841 Coram
- 15864 Eastburn
- 16200 Fullerton
- 16881 Greenfield
- 19154 Sherwood
- 19163 Mitchell
- 19268 Eureka
- 19333 Moenart
- 19391 Grandview
- 19400 Hickory
- 19530 Hickory
- 22233 Lyndon
- 22512 W McNichols
- 25097 Andover
- 2661-2663 Cortland
- 3310-3312 Sturtevant
- 3323 Waverly
- 4000 Taylor
- 4342-4344 Cortland
- 19201 Westphalia
- 2626-2638 Wreford
- 2703-2705 W Grand
- 3747 Scovel
- 4061 Grand
- 19020 Rosemont
- 19136 Tracey
- 19144 Riopelle
- 9133 Devonshire
- 9166 Devonshire
- 9169 Boleyn
- 17809 Charest
- 17813 Bradford
- 18273 Monte Vista
- 18515-18517 Kelly
- 18527-18529 Kelly
- 18776 Sunderland
- 19003 Moross
- 7109-7111 Pilgrim
- 9171 Whittier
- 15634 Liberal
- 15778 Manor
- 15784 Monte Vista
- 16767 Greenfield
- 17500 Evergreen
- 18276 Appoline
- 18433 Faust
- 18481 Westphalia
- 18608-18612 Moross
- 18668 St Louis
- 19218 Houghton
- 19750 Marx
- 19751 Marx
- 8342 Schaefer
- 5942 Audubon
- 6923 Greenview
- 9165 Kensington
- 10084 Grayton
- 10411-10421 Cadieux
- 10445 Cadieux
- 10604 Somerset
- 10612 Somerset
- 10616 McKinney
- 11300 Roxbury
- 11653 Nottingham
- 11750 Morang
- 13041 Hayes
- 13991 Warwick
- 14231 Strathmoor
- 15048 Freeland
- 20160 Conant
- 5846 Crane
- 9309 Courville
- 9336 Patton
- 10048 Grayton
- 10700 Whittier
- 11078 Longview
- 12334 Lansdowne
- 13245 Monica
- 20200 Lesure
- 4380 Beaconsfield
- 4680 Buckingham
- 5278-5280 Drexel
Updated on: 10/05/2025