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A tax credit property is an apartment complex owned by a landlord who participates in the federal low-income housing tax credit program. A tax credit property is an apartment complex owned by a landlord who participates in the federal low-income housing tax credit program.
Often this is for personal income tax, but it can also include other governmental taxes such as property tax. When you neglect or refuse to fully pay your tax debt on time, a lien is created. This means the government has a legal claim against your property, including real estate, personal property and financial assets. Do Tax Liens Affect Your Credit? Tax liens will appear on your credit report and could negatively affect your credit. How much a tax lien will affect your credit varies from person to person.