Press-Republican

Local News

July 12, 2013

Delinquent-tax sale turns a profit

(Continued)

Eleven people used Internet bidding, and five of them were successful buyers.

‘PLEASED’

Before the sale, two parcels were removed, and 10 were redeemed by their owners for a total of $123,843 in delinquent taxes paid, Varin said.

Combining the unpaid taxes that were collected from those 10 properties and the amount at which the 50 parcels were sold, a total of $734,930 would be going into the county treasury from the auction, the treasurer said.

“It’s good, and I’m pleased,” he said. “At our last auction two years ago, we didn’t exceed what we were owed in back taxes.”

Varin said the timing of the land sale probably contributed to the success because the new owners still have time to fix up their properties and get them ready to rent, sell or readied for another use.

Email Denise A. Raymo:draymo@pressrepublican.com

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