Annual tax sale nets about $61,000October 18, 2013
From local sources
Dubois County officials on Thursday netted almost $61,000 from their annual tax sale.
The sale, conducted by Indianapolis-based SRI Inc. on the county’s behalf, offered 42 parcels to 24 bidders. Twenty-three of the properties were sold.
The properties had delinquent taxes that remained unpaid from the previous year. At the sale, real estate investors vied for a tax sale certificate, agreeing to pay what was owed in delinquent taxes, costs and penalties.
Investors can earn interest from delinquent property owners or eventually take ownership of the property through a post-tax sale process that involves petitioning the local court for a tax deed.
Some delinquent taxes were paid before Thursday’s sale. In all, the county collected $60,965.48 from owners and buyers. Taxes, penalties and costs were paid in full on 77 parcels.
“Tax sales are a necessary function of county government,” County Treasurer Chad Blessinger said.
“It is only fair to the people who pay their property taxes every year to pursue those that do not pay.”
The county commissioners will acquire a tax lien on the 19 properties that did not sell. Those properties may be offered at a later sale.
“It is our ultimate goal to return these properties to the tax rolls as quickly and efficiently as possible,” County Auditor Kathy Hopf said. “Property owned by people that pay their property taxes ensure our local government services are fully funded.”
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