If you're delinquent in paying the property taxes on your home, you could lose the place through a tax sale. Or you might lose the property in a foreclosure if your mortgage lender pays the property taxes and you fail to reimburse them. If you don't pay your income taxes, though, you're less likely to lose your home. While the IRS will place a lien on your property, it rarely forecloses these liens. The IRS can get paid, however, when you sell or refinance the place or if you lose it to foreclosure.