Chesterton Tribune

 

 

Porter County tax sale nets more than $2 million from 497 properties

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Porter County officials held the annual delinquent property tax sale last Friday, Oct. 14, resulting in collections of $2,093,815 from owners and buyers.

In total, 497 parcels had all taxes, penalties, and costs paid in full.

The sale was coordinated by Porter County Auditor Vicki Urbanik and County Treasurer Michelle Clancy and was conducted by Indianapolis-based SRI Incorporated. SRI conducts tax sales in 83 counties in Indiana, Michigan, and Colorado.

A property tax sale is required to be held in each Indiana county for those properties where an owner of real estate fails to pay the property taxes from the prior year’s first property tax bill installment. A tax lien on the property may be sold to satisfy the tax obligation to the highest bidder. The owners of the properties have one year to pay the delinquent property taxes, costs, and penalties to keep the property.

“Tax sales are a necessary function of county government. It is only fair to the people who pay their property taxes every year to pursue those who do not pay,” said Clancy.

Owners of a total of 396 parcels paid the delinquent taxes prior to the tax sale. A total of 520 parcels were then offered at the tax sale, with 49 bidders participating.

For the properties that did not sell, the County Commissioners acquire a tax lien. The Commissioners may offer those properties to the public at a sale at a later date.

“It is our ultimate goal to return these properties to the tax rolls as quickly and efficiently as possible,” said Urbanik.

For more information on property tax sales, visit www.sri-taxsale.com

 

 

Posted 10/19/2016

 
 
 
 

 

 

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