If you fall behind in paying property tax on your home, you could lose your home through a tax sale. Alternatively, you could lose it in foreclosure if your mortgage lender pays the property taxes and you fail to reimburse the lender. If you are delinquent on income taxes, you are less likely to lose your home. While the IRS will place a lien on your home, it rarely forecloses on these liens. The IRS can get paid, however, when you sell or refinance the home or if you lose it to foreclosure.