Subdivision Tax Surety Bond

A Subdivision Tax surety bond is a financial guarantee surety bond that guarantees to the Title Company or city/county requiring it that the taxes associated with the parcel of land will be paid for the upcoming year. The bond provides security for payment of the taxes and is often required before the city/county will record the property on a parcel map. The bond is typically a percentage of the taxes due for the year and will only be released upon receipt of proof the taxes have been paid.