What is a Tax Collector Bond?
A tax collector bond is a form of insurance that is required of a tax collector’s business. The surety bond ensures that the tax collector and those in different offices in his or her business will handle money and perform duties legally and ethically. Other tax collector bonds ensure payment of taxes and reiumburse those who are the victims of fraud.
Before tax collectors purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.